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Where would I enter a life insurance policy that was cashed out

 
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Where would I enter a life insurance policy that was cashed out

You should receive a 1099-R for your life insurance transaction.

To enter pension and annuity Payments (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

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