BobKamman
Level 15
02-28-2023
12:03 PM
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If the company followed the IRS instructions and this was a Section 1035 exchange, then you would be looking for a "6" in Box 7:
"For section 1035 exchanges that are reportable on Form 1099-R, enter the total value of the contract in box 1, 0 (zero) in box 2a, the total premiums paid in box 5, and Code 6 in box 7."