Form CT-33-NL Non-Life Insurance Corporation Franchise Tax Return Tax Year 2024-2025

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Corporate tax filing requirements All New York C corporations subject to tax under Tax Law Article 9-A must file using the following returns, as applicable: Form CT-3, General Business Corporation Franchise Tax Return.
If you got a 1099-R, then it wasnt a life insurance policy. It might have been an annuity paid out to you in a lump sum (which is consistent with the 4D code in Box 7).
Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, arent includable in gross income and you dont have to report them. However, any interest you receive is taxable and you should report it as interest received.
About Form 712, Life Insurance Statement | Internal Revenue Service.
You should receive a Form 1099-R showing the total proceeds and the taxable part. Report these amounts on lines 5a and 5b of Form 1040 or 1040-SR.

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Youll most likely report amounts from Form 1099-R as ordinary income on line 4b and 5b of the Form 1040. The 1099-R form is an informational return, which means youll use it to report income on your federal tax return. If the form shows federal income tax withheld in Box 4, attach a copy Copy Bto your tax return.

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