Question
1099-R Code W is showing up as taxable even when I put zero in box 2a - is that correct?
I have a 1099R with $100 in Box 1, $100 in Box 8 and zero in box 2a with a W in Box 7. I thought these were payments for purchasing qualified long term care ins and were nontaxable, but proseries is transferring the $100 from Box 1 to Form 1040 line 4b taxable IRA distributions. Am I missing a step or am I wrong and they are in fact taxable?
