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angelabove0418
New Member

What if 1099r was for life insurance not retirement

 
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Accepted Solutions
retiree
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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4 Replies
retiree
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

macuser_22
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.**
golfer
New Member

What if 1099r was for life insurance not retirement

what non qualified mean
macuser_22
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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