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Received full distribution of my own surrendered life insurance from a foreign country.
I received full distribution of my own surrendered life insurance from a foreign country. Previously, a TT tax adviser said that I should put it under "Misc income" section. However, with further reading and research, shouldn't I put this distribution under 1099-R and also fill out form 4852 as TT software asked me to do after I filled out the 1099-R section?
‎April 9, 2025
9:53 AM