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Life Insurance
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yeknod
Level 3
06-24-2024
11:24 AM
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Taxpayer was the beneficiary of a life ins policy. Tp was under 18 when it was taken out, and now 24, so the insurance company says her mother has to get the distribution and then give it to the tp. $125K
Will any of it be taxable to the tp? Btw, its has not been distributed yet, it is still at the insurance company.
Thanks in advance.
Don
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