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Get your taxes done using TurboTax
If you have a cash value life insurance policy that pays dividends, you may be liable to pay taxes on the amount of dividends that exceed the amount of the premiums paid for the policy. Otherwise, policy dividends are generally not taxable. You will receive a Form 1099-DIV by Jan. 31 citing the amount of dividends paid that must be included in your taxable income.
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ā€ˇFebruary 27, 2020
5:54 PM