qbteachmt
Level 15

Did you try searching the web? You have some analysis to do.

From:

https://www.thinkadvisor.com/2020/02/12/irs-shows-how-the-tcja-life-policy-sale-tax-rules-might-real...

Resources

  • A copy of IRS Revenue Ruling 2020-05 is available here.
  • An article about the new Tax Cuts and Jobs Act life settlement transaction reporting regulations is available here.
  • An article about IRS Revenue Ruling 2009-13 and IRS Revenue Ruling 2009-14 is available here.

The IRS created the samples to show taxpayers how it’s interpreting Section 13521 of the Tax Cuts and Jobs Act of 2017 (TCJA).

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