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Client cashed in life insurance policy. Received a 1099-R with taxable amount of $21,000 no tax withheld. Code 7 in box 7. Is this fully taxable?
Mmtz
Level 2
12-07-2019
05:50 AM
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ProSeries Professional
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TAXOH
Level 11
12-07-2019
05:50 AM
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Yes.
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