topic Re: Please see the answer from a previously posted question:... in Retirement tax questions

We received a rather large distribution from USAA Subscriber's account. Is this amount taxable?

kohler_rs — Mon, 03 Jun 2019 19:35:31 GMT

Please see the answer from a previously posted question:...

HelenaC — Mon, 03 Jun 2019 19:35:32 GMT

Please see the answer from a previously posted question: https://ttlc.intuit.com/replies/6734180

Re: We received a rather large distribution from USAA Subscriber's account. Is this amount taxable?

jondesertfox — Wed, 01 Mar 2023 14:10:03 GMT

I received a rather large distribution payout of my USAA subscriber account in 2023. Will I have to report that on my 2023 form 1040?

Re: Please see the answer from a previously posted question:...

PattiF — Tue, 07 Mar 2023 02:23:26 GMT

The subscriber savings account is considered a return of premium, insurance premium, and not taxable. USAA subscriber savings account distributions are not taxable income for federal or state income tax purposes. You will not have to report that on the 2023 Form 1040.