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No it was not a reimbusements for espenses. It was a return of premiums paid totalling $30,000. What about the excess $10,000. Is it taxable?
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No it did not reimburse for any expenses. It was reimbursed for a cancelled policy.
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My client got a 1099ltc with $40,000. as amount in Box 1. In box 3 the reimbursed amount box is checked. Company sent her letter stating she cancelled policy an...
