Considering cashing in whole life insurance policy for $30,000. Company paid for $60 a month for 45 years. Company closed few years ago. Never indication on W-2 if included in wages. Taxable or assume in wages?
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Why don't you check with the insurance company to see how much of it is taxable?
@Colmatt
Whose income tax return are you working on, using ProSeries? Or, are you lost on the internet?
Not working on one. Planning ahead for someone.
Colmatt isnt a lost DIYer, theyve posted here on numerous occasions in the past.
🙂
It's always weird when a tax question is asked in the first person perspective.
Thanks Lisa....Lost in some respects, but so happy to have the help of everyone here to set me straight.
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