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I have a 1099-R from my life insurance company for an unpaid loan. How do I classify the distribution in Turbo Tax?

It's not considered a retirement plan distribution. Its not considered a nonqualified annuity. I don't think it's a modified endowment either.
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1 Reply
MaryK4
Employee Tax Expert

I have a 1099-R from my life insurance company for an unpaid loan. How do I classify the distribution in Turbo Tax?

@mbsherman2 Can you clarify where you need the classification? (State return?)

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