Surrendered life insurance reporting

How exactly to I enter taxable gains for a surrendered life insurance policy?

Seems it is on 1099-R but I do not see where this is on online TurboTax.

posted

Yes, a1099-R is used to report a gain between the payout and the premiums. It is most common for retirement income. It is entered in wages and income. Follow these steps:

Review and edit your income section.

There is a search box under your income. Type 1099-R and you will see retirement come up.

Select retirement plans and enter your form.

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If I received a 1099-G for my PFL pay what do I input for "PFL Income Received from Insurance Company"? Note it says don't include PFL income reported on 1099-G? So 0?

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Surrendered life insurance reporting