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New Member
posted Feb 3, 2025 9:17:54 AM

I received a 1099R from a whole life policy. How do I report this?

Should I report the 1099R I received from a Traditional Wholelife Policy as an annuity?

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1 Replies
Expert Alumni
Feb 7, 2025 9:36:35 AM

Yes.  If you received it while you were still alive then you cashed in the policy and you would report it as an annuity.

 

@llonglizzy