Tax Consequences on the Sale, Exchange or Surrender of Life Insurance

Revenue Ruling 2009-13 addresses the tax consequences to the policyholder of the sale, exchange or surrender of a life insurance contract.

Document Excerpt

ISSUE

What is the amount and character of A’s income recognized upon the surrender or sale of the life insurance contracts described in the situations below?

 

 

 

Link http://www.irs.gov/pub/irs-drop/rr-09-13.pdf

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