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Deductions & credits
To be more specific:
The income from my foreign endowment insurance policies are:
1. One policy is matured in 2019. I received the total payment $6012. It includes premium I paid ($4309) and maturity survival money ($1859).
2. The second policy is still active, but I don't need to pay premium. I received the annual survival money $157.
Will the type be different for the two policies? Or, they are all "Other Income" as I entered them as "Other Reportable Income" in the section?
Thank you very much!
March 20, 2020
3:32 PM