Thank you AmyC, when you state taxable would that be only the excess amount or total amount received? The 1099-R form shows total amount as taxable. I'm confused about life insurance is not taxed. I follow if life insurance policy is not cashed at time of death and accurse interest. The interest acquired from date of death is taxable but not the total sum. The way the 1099-R is reporting total amount would be added to annual income and be taxed..... Then life insurance 100% taxed????? I'm sure that I'm missing something here....
