Thanks! The first question in the interview is who is the plan for: my husband and me (survivor benefits). I uploaded the 1099-R into TurboTax, and it correctly shows all numbers. Where my 1099-R says 'unknown' for the taxable amount, the uploaded form shows a blank amount. Box 5 is solely for health insurance, so I confirmed that question. Next, I answered NO to rollovers, etc. Then- YES to receiving regular payments from the retirement account. Payments started prior to 2023- YES.
Then, to the question about whether the taxable annuity was used as the taxable amount: the box says 'unknown' on my 1099-R, so I said NO . Then I answered YES to indicate I use the simplified method. I then filled in the start date (3/1/2014), plan cost , paid for 12 months this year, and previous amount recovered (approx 25K).
I indicated YES to the next question if this plan covers more than one person (both spouses), our ages in 2014, and NO to 'under retirement age for this plan".
Then, a box comes up "We used the Simplified Method.... the taxable amount is Zero". Since the program took me through all of these questions about the Simplified Method, I assume I must have entered that it is a qualified plan. I can't find where that question was asked in the 1099-R income section to confirm that entry, though.
