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mag5182
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If 1099-R purchased qualified long-term care insurance contract. How do I answer TurboTax two-part questions?

TurboTax asks 2 part questions:

1a) I moved money to another retirement acct or b) I did something else and 

2a) Did I roll over, b) I converted or c) combination?

Which answers do I select for a distribution that purchased qualified long-term care insurance contract under combined arrangement?

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If 1099-R purchased qualified long-term care insurance contract. How do I answer TurboTax two-part questions?

You answer that you did something else.   An insurance contract is not a qualified retirement plan eligible for rollover treatment.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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1 Reply

If 1099-R purchased qualified long-term care insurance contract. How do I answer TurboTax two-part questions?

You answer that you did something else.   An insurance contract is not a qualified retirement plan eligible for rollover treatment.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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