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

1099R

AuntGrannie — Mon, 13 Apr 2020 18:09:26 GMT

I received a 1099R from my mom's Life Insurance from her work after she passed. The Turbo Tax is counting it as income and this was from her employer's Life Insurance as a death benefit. Why would it count as taxable income even though box 2a said 0.00 for taxable income? How do I enter this so the TurboTax won't tax the amount?

Re: 1099R

Anonymous — Mon, 13 Apr 2020 19:09:45 GMT

see this link

https://ttlc.intuit.com/community/retirement/discussion/my-1099-rs-are-both-life-insurance-proceeds-as-i-was-a-beneficiary-mine-is-not-retirement-is-your/00/377089

also check box 7 on the 1099 it should ne code 4 if truly life insurance and the ira/simple etc box should be blank.

Re: 1099R

AuntGrannie — Thu, 16 Apr 2020 22:47:23 GMT

Thank you, for your assistance. I got it!