dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Retirement tax questions

If the amount that you received from the surrender of the policy was less than your investment in the contract, the distribution is not taxable and the insurance company is not required to issue a Form 1099-R because there is no taxable income to report.  Otherwise, the insurance company is required to have issued a Form 1099-R that you must obtain and enter into TurboTax.

View solution in original post