Life Insurance

Received a 1099 for a matured insurance policy Which 1099 form should I use for this distribution?

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What kind of 1099 did you receive? There are over 20 different kinds. There is no plain Form 1099. All 1099 forms have one or more letters after the 1099. The most common are 1099-INT, 1099-DIV, 1099-B, 1099-NEC, 1099-R, and 1099-G.

If you received a 1099-MISC, which box is the income in?

I believe box 1 of my K-1 is comprised of my car and asset expenses. So, would I need to record them in TurboTax in "Review Vehicle Expenses" and "Asset Information?"

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