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Why is Sect 1035 Distrib with 1099-R Box1 $33K Box 2 $0.00 and Box 7 as "6" showing as $33K as Retirement income? How to correct?
This is a Life to Life where Distribution of 33,039 was sent directly to the new insurer. I entered the info from the 1099-R as shown to
Box 1 Gross Distribution $33,039 Box 2 Taxable Amount $0.00
Box 2b Total Distribution Box 5 $24,808 and
Box 7 "6 - Section 1035 Exchange.
The entire $33,039 is included in my Retirement Income
What did I do wrong and how do I fix it?
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‎June 4, 2019
6:06 PM