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New Member
posted Mar 12, 2025 12:16:06 PM

My Prudential 1099-R is for a whole life insurance policy contract and is not an IRA or 403(b) but TurboTax 2024 refuses to accept Other as type of account. How to fix?

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2 Replies
Expert Alumni
Mar 12, 2025 12:41:29 PM

On the IRS form 1099-R, what code is reported in box 7?  Is the IRA/SEP/SIMPLE box checked?  Please clarify.

New Member
Mar 12, 2025 1:37:57 PM

The code in box 7 is 7.  The IRA/SEP/SIMPLE box is NOT checked.

 

I have resolved this problem by selecting the "None" radio button instead of "Other".  I have been using Turbotax for eight consecutive years and I for each of those years I received this particular 1099-R and it was never an issue before this year (2024).  I don't know why it suddenly became a problem but the software was giving me fits and preventing me from filing electronically but selecting the "None" radio button solved the problem.  I have already filed my return.  Thank you for offering your assistance.