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New Member
posted Mar 24, 2023 7:17:37 AM

I received an endowment payout from an insurancce contract. Where is that accounted for?

I did receive a 1099R from the insurance co.  Where is that to be entered?

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2 Replies
Level 15
Mar 24, 2023 7:25:23 AM

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

 

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

Expert Alumni
Mar 24, 2023 7:30:55 AM

Please follow these steps to enter Form 1099-R:

 

  1. Click on "Search" on the top right and type “1099-R”  
  2. Click on “Jump to 1099-R”
  3. Click "Continue" and enter the information from your 1099-R

 

Or use these steps:

 

  1. Click "Wages & Income" (under Federal) on the left
  2. Scroll down and click "Show more" next to "Retirement Plans and Social Security"
  3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)