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Retirement tax questions
The policy is in both me and my brothers name and we are splitting the proceeds 50/50. But the insurance company indicated they would report the taxable portion under 1 social (me). They indicated that I fill out some 1099 form designating him as a nominee of the proceeds. Just need direction on this with regards to the IRS and also when doing my taxes next year.
May 31, 2019
5:41 PM