Guidance on Tax Consequences to Investors in Life Insurance

 Revenue Ruling 2009-14 provides guidance as to the tax consequences to investors in life insurance contracts.

 Document Excerpt

What are the tax consequences to B, in the situations described below, upon the receipt of death benefits, or upon the receipt of sale proceeds, with regard to a term life insurance contract that B purchased for profit?

 

 

Link http://www.irs.gov/pub/irs-drop/rr-09-14.pdf

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