topic Re: 1099_R in Get your taxes done using TurboTax

1099_R

user17744704343 — Wed, 25 Mar 2026 20:32:44 GMT

I received a 1099-R from a company which is a Medicare supplement company. I have a high deductible policy with them so I contribute money so they can pay my deductible expenses. I made a very small amount of interest off of this contribution. Turbo tax is asking me to fill out a lot of information related to an annuity. This really is not an annuity and I don't know how to answer the questions on this form. Can I just report the interest in the interest section and forget abou the total 1099-R?

Re: 1099_R

ThomasM125 — Wed, 25 Mar 2026 23:47:07 GMT

No, the IRS will look for the form 1099-R entry on your return and may ask about it if it is missing. Also, Form 1099-R does not report interest income that I am aware of, so it may be incorrect to enter your distribution as such.

Re: 1099_R

Mike9241 — Thu, 26 Mar 2026 00:40:54 GMT

What are the codes in box 7? You may be misinformed about what you invested in. A normal Medicare Supplement policy would not issue a 1099-R, but some sort of annuity linked to Medicare would.