Solved: What if 1099r was for life insurance not retirement
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New Member

What if 1099r was for life insurance not retirement

 
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Level 7

What if 1099r was for life insurance not retirement

You still report it as a 1099 R and make sure the space after box 7 (IRA/SEP/Simple) is NOT checked.

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Level 7

What if 1099r was for life insurance not retirement

You still report it as a 1099 R and make sure the space after box 7 (IRA/SEP/Simple) is NOT checked.

View solution in original post

Level 15

What if 1099r was for life insurance not retirement

Also when asked in the 1099-R interview say that is is non-qualified.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
New Member

What if 1099r was for life insurance not retirement

what non qualified mean
Level 15

What if 1099r was for life insurance not retirement

If not qualified it is non-qualified.
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1900224-what-is-a-qualified-retirement-plan">https://ttlc.intuit.c...>
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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