kennsrq
New Member

Code W on 1099-R

It says this Code W is a non-taxable distribution from a long term care policy. Box 8 is $321.00 and TurboTax says I owe $32.00 for this 1099-R. That is 10%. Is that a penalty even though it is non-taxable? I never received any money so why should I have to pay?