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New Member
posted Jun 6, 2019 12:42:56 AM

Where do I list income from a USAA distribution?

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

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1 Best answer
Intuit Alumni
Jun 6, 2019 12:42:58 AM

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 Replies
Intuit Alumni
Jun 6, 2019 12:42:58 AM

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.