1099_R

Forum|Forum|3 months ago
March 25, 2026
2 replies
33 views

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?

Benefit Assist Online

ThomasM125

Level 15

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.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Mike9241

Level 15

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.

Mike9241