Terminated 3 life insurance policies in taxable year 2021 and received 1099-R for each of the policies. Where and how do I report these 1099-R entries?

I terminated 3 life insurance policies in taxable year 2021 and received 1099-R for each of the policies. Among other informational blocks, each of the 1099-Rs have entries in blocks 1 [Gross distribution], block 2a [Taxable amount], block 4 [Federal income tax withheld], block 5 [Employee contributions … insurance premiums] and block 7 [Distribution code] 7-Normal distribution. Where and how do I report these 1099-R entries?

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Expert Alumni

Mar 9, 2022 1:14:25 PM

To enter the 1099-Rs from the termination of your insurance polices, with your return open, select Search and type in "1099-R". Click on "Jump to 1099-r". The program will guide you through entering your Forms 1099-R.

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Terminated 3 life insurance policies in taxable year 2021 and received 1099-R for each of the policies. Where and how do I report these 1099-R entries?