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Received a 1099-r for deceased fIL. Wasn't an IRA, life Insurance, or annuity. Called Company and they said was a taxable "Death Benefit". Only distribution code is 4
Turbo tax deluxe is treating it as an IRA distribution. I'm thinking there should be another code in box 7 that explains that this is NOT an IRA distribution. Father-in-law worked for Armoco Steel Union. Can someone explain why a "Death Benefit" would be taxable?
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‎February 15, 2022
10:51 AM