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?
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see this link
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.
see this link
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.
Thank you, for your assistance. I got it!
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