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Retirement tax questions
A payout from life insurance is not taxable, but Forms 1099-R are used for distributions from many other types of accounts which are taxable distributions. If the Form 1099-R has a taxable amount shown in box 2a, it seems that the distribution is not a payout of a life insurance policy (even if the account is held by an insurance company).
‎April 16, 2023
5:38 PM