Annually, I purchased additional insurance with proceeds I earned on my whole life insurance policies. I believe I made a mistake when I reported that interest annually to the IRS. Because now when I want to surrender the policies Prudential will deduct the taxes on interest I earned over the policy's life from my surrender cash value. But I already paid taxes on that interest every year.
How do I show in Turbo Tax Deluxe I paid those taxes already?
