@DaveF1006 , I stand corrected in that foreign life insurance income proceeds ( cashing out amount less amounts paid ) should be reported as "other income on Schedule-1, line 1z. I had stated that this should be treated as interest/dividend income ( think that was the earlier guidance but in 2022 tax year it is clearly stipulated -- enough for even my blind eyes ). Thank you
I recognize the resultant tax is the same no matter how yo declare it -- passive & ordinary income.
