Paid Up life insurance dividends on 1099r.

[trainboy2]

Received 1099r from paid up life insurance policy for Dividends exceeding paid premium. How do I enter this in Turbotax? Looks like an IRA but is not. Is it a "qualified" plan? what do I enter for RMD?

[DaveF1006]

First of all enter the 1099R information in the return.  

• Open or continue your return.
• In the Federal section, select Wages & Income.
• Scroll to locate Retirement Plans and Social Security.
• Select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R) Or Social Security (SSA 1099, RRB 1099).

After entering the information, indicate that none of this is for an RMD when you reach that screen. Also indicate this is a non-qualified plan when you reach that portion of the return..