There could be a second "consolation prize" here. Maybe Mom can "pull a Taylor Larimore", live to age 100, and keep on receiving those inflation-adjusted payouts for many years into the future.Yup. I think this is what's going on. I subtracted the taxable amount each year (2008 thru 2023) from the total payments received each year. During 2023, the total went over the original premium. Also, I never noticed before, but before 2023 the amount in Box 1 minus the taxable amount in Box 2a always equaled the same number that showed up on box 5.
This is not the news I wanted to hear, but the consolation prize is not having to convince a big insurer that they made a mistake. I was sure it was them, but apparently not! I fully fess up and fall on my sword.
I cannot thank you and the others here for helping me figure out what is going on. Your help is VERY MUCH appreciated.
Glad that our comments were helpful. Best to you.
Statistics: Posted by Stinky — Sat Feb 03, 2024 10:37 am — Replies 15 — Views 529
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