It’s Tax Time. You Might Want to Read This
March 8th, 2012
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This is the time of year I get calls from accountants about taxation on life insurance policies their clients surrendered or policies which lapsed during the preceding year.
Last week an accountant called on a client who surrendered two policies, one at a gain and one at a loss. The obvious question is “Can the gain and loss off set each other?” The answer is, generally, no.
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Categories: Life Insurance
