You'll need to sign in or create an account to connect with an expert.
If box 2b is marked, the insurance company is saying that they do not know the taxable amount nor the amount of premiums paid. Simplest will be to just enter a zero in box 2a to tell TurboTax that the taxable amount is zero.
The IRS might end up questioning your determination that the taxable amount is zero. If they do, you'll need to provide the IRS with documentation to support your assertion that the premiums paid totaled $23,000.
If box 2b is marked, the insurance company is saying that they do not know the taxable amount nor the amount of premiums paid. Simplest will be to just enter a zero in box 2a to tell TurboTax that the taxable amount is zero.
The IRS might end up questioning your determination that the taxable amount is zero. If they do, you'll need to provide the IRS with documentation to support your assertion that the premiums paid totaled $23,000.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Taxpayer13
New Member
tibbons2
Level 2
timtheis
Level 1
thomasi
Level 1
phraxos
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.