Hi would like to provide updates.
My 1099-R is not USA or foreign retirement fund. Its an term insurance (foreign located and does not provide 1099-R) that had cash surrender value that matured after 20 years this year (paid premium 10 years)
I am hearing from one CPA that this fund should not be subject to early penalty of 10% as its not early withdrawal and we should write a letter alongwith tax filing that it should not be treated as early withdrawal.
That being said what should be the option / distribution code I should use in manual 1099-R
@Vanessa A @JotikaT2
