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krobb1
New Member

Should I mark a qualified plan or Non-qualified plan. I surrendered a life insurance policy

The form I received is a 1099-R
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1 Reply
JohnB5677
Expert Alumni

Should I mark a qualified plan or Non-qualified plan. I surrendered a life insurance policy

The surrender of a life insurance policy is a Non-Qualified transaction.

Tax-qualified plans are like 401(k) employer sponsored plans.

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