I would report this as other income. Just remember when you report, only the profit is taxable, which may include interest or dividends.
- Log into your account
- Select Wages and income>other income
- Miscellaneous Income, 1099-A, 1099>start
- Scroll to the bottom of the page to Other Reportable Income
- Other taxable income, answer yes
- Then give a brief description of the income and the amount listed. List this as "Profit Earned on Surrender of a Foreign Whole life policy"
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