Life Insurance 1099R

[DoninGA]

Enter the Form 1099-R as received on your federal tax return.

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

[waterdogdad]

I received a 1099R from life insurance company; Distribution Code 7.

I had a twenty year term policy that expires in January 2023

I never took a loan on the policy and never received dividends.

Why am i receiving this 1099R?

[DoninGA]

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@waterdogdad wrote:

I received a 1099R from life insurance company; Distribution Code 7.

I had a twenty year term policy that expires in January 2023

I never took a loan on the policy and never received dividends.

Why am i receiving this 1099R?

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You will have to contact the payer of the Form 1099-R to find out why you received the form.