Perhaps you misunderstood... the $200/mo. or $2400 for the tax year is basically an interest free loan from the Relief Assn. (not the insurance co.) using the $100,000 policy payable on death as collateral against the monthly payments which end after 10 years. The Relief Assn. will collect the $24000 when the death benefit is paid, and not before. These are not earnings as I see it because it must be repaid eventually from the death benefit. Therefore, no W2 or 1099 should be issued. How do we object to the 1099MISC with the Relief Assn. that issues it?
