Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
<< Why Schedule D? Why not line 21 on 1040? The gain will be ordinary income. (He'll get a 1099-Misc from the insurance company)>>

Well, we're both wrong. I could swear I've seen these on a 1099-B, but maybe I'm just having one of my episodes.

According to Pub 17, it will be reported on a 1099-R and listed on line 16 of the 1040. Thanks for catching the error.

TMF ExRO
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement