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AuntGrannie
Level 1

1099R

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?

1 Best answer

Accepted Solutions
Anonymous
Not applicable

1099R

see this link

https://ttlc.intuit.com/community/retirement/discussion/my-1099-rs-are-both-life-insurance-proceeds-...

 

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. 

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3 Replies
Anonymous
Not applicable

1099R

 
Anonymous
Not applicable

1099R

see this link

https://ttlc.intuit.com/community/retirement/discussion/my-1099-rs-are-both-life-insurance-proceeds-...

 

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. 

AuntGrannie
Level 1

1099R

Thank you, for your assistance. I got it!

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