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- Re: 1099R - policy surrender
1099R - policy surrender
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robinkurtz-tax
Level 1
03-18-2022
05:26 PM
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I have a 1099R that box2a, taxable amount, is more than box 1, gross distribution. Insurance company is saying a loan was taken and not paid back and the taxable amount includes the unpaid portion . Error is saying box 2a can not be more than box 1. How do I get this error to go away. Did the insurance company fill the 1099R out incorrectly?
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1 Comment 1
IRonMaN
Level 15
03-18-2022
06:23 PM
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Which amount is actually correct for the amount withdrawn plus the outstanding loan? Sometimes you have to start with the basics and forge on from there.
Slava Ukraini!
