kylewill
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13 Qs, 3 As, 0 FYIs
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Question
how is life insurance taxed? Getting ready to take my final.. So last question :)
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The only time a tax might be required would be if the policy was gaining some kind of dividend tax free or it was tied in with some kind of annuity. If they paid tax when they put it in then no.. if not then maybe
-bradlyfera (261Q / 173A)
Wed Dec 5, 2007 4:44pm
-bradlyfera (261Q / 173A)
Wed Dec 5, 2007 4:44pm
Proceeds paid by insurer upon death R not includible in taxable income for fed/st income tax; but, if the proceeds are included in the "estate", then they can be.
-north (12Q / 883A)
Wed Dec 5, 2007 4:51pm
-north (12Q / 883A)
Wed Dec 5, 2007 4:51pm
