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Level 1
June 6, 2019
Solved

Where do I list income from a USAA distribution?

  • June 6, 2019
  • 1 reply
  • 0 views

A variable check arrives every December. There are no associated 1099's

Best answer by Leonard11_2

You do not have to list or report your USAA distribution.

Your distribution is considered to be a return of premium, a rebate, so it is not taxable and you do not include it on your tax return. 

1 reply

Level 10
June 6, 2019

You do not have to list or report your USAA distribution.

Your distribution is considered to be a return of premium, a rebate, so it is not taxable and you do not include it on your tax return.