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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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    TAXOH
    Level 11
    ‎12-07-2019 05:50 AM

    Yes.

    View solution in original post

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    1 Comment 1
    TAXOH
    Level 11
    ‎12-07-2019 05:50 AM

    Yes.

    0 Cheers






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