1099-R

I have a 1099-R with Box 7 marked "W". Do I have to show this in the wages and income? It is for Long Term Health care insurance.

posted

No. A code W Form 1099-R reports amounts that are explicitly excludible from income under Section 72(e)(11) of the tax code. Since this distribution is not taxable, there is no penalty.

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When i et to the summary of my 1099R forms , it shows duplicates that need to be reviewed. i would like to just delet these dups. How an I?

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