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My 1099-R is for a Whole Life Insurance Policy. Where is my distribution from? In other words, which category do I check off?

I did not recieve any money from the insurance company.
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2 Replies

My 1099-R is for a Whole Life Insurance Policy. Where is my distribution from? In other words, which category do I check off?

If you did not receive a distribution from the Insurance company, why did you receive a Form 1099-R? 

Is there an amount entered in box 1 of the 1099-R?

dmertz
Level 15

My 1099-R is for a Whole Life Insurance Policy. Where is my distribution from? In other words, which category do I check off?

Perhaps a 1035 exchange.  What is the code in box 7 of the Form 1099-R?

 

All Forms 1099-R are entered under Retirement and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R).  The distribution will be included on Form 1040 line 5a/b.  It the distribution is nontaxable, the amount will be excluded from the taxable amount on line 5b.

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