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"?

bznz · ‎March 4, 2024

This is from a long term care insurance policy

MinhT1 · ‎March 4, 2024

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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MinhT1 · ‎March 4, 2024

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

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bznz · ‎March 4, 2024

Thank you for your response.

Box 7 shows code "W"

MinhT1 · ‎March 4, 2024

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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**Mark the post that answers your question by clicking on "Mark as Best Answer"

Do you have an Intuit account?