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bznz
New Member

Di I need to add a 1099-R that shows a gross distribution (I didn't receive any money) but under taxable amount it says "0.00"?

This is from a long term care insurance policy
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1 Best answer

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MinhT1
Expert Alumni

Di I need to add a 1099-R that shows a gross distribution (I didn't receive any money) but under taxable amount it says "0.00"?

Code W means Charges/payments for purchasing qualified long-term care insurance contracts under combined arrangements.

 

You don't have to report this form 1099-R on your tax return. Just keep the form with your tax records for 3 years.

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3 Replies
MinhT1
Expert Alumni

Di I need to add a 1099-R that shows a gross distribution (I didn't receive any money) but under taxable amount it says "0.00"?

Please clarify. What is the code in box 7 of your form 1099-R?

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bznz
New Member

Di I need to add a 1099-R that shows a gross distribution (I didn't receive any money) but under taxable amount it says "0.00"?

Thank you for your response.

Box 7 shows code "W"

MinhT1
Expert Alumni

Di I need to add a 1099-R that shows a gross distribution (I didn't receive any money) but under taxable amount it says "0.00"?

Code W means Charges/payments for purchasing qualified long-term care insurance contracts under combined arrangements.

 

You don't have to report this form 1099-R on your tax return. Just keep the form with your tax records for 3 years.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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