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Do I need to pay a 10% penalty on life insurance surrender and cash-out?
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Do I need to pay a 10% penalty on life insurance surrender and cash-out?
TurboTax says that, based on the 1099-R (Box 7) that I received from my life insurance company, I need to pay a 10% penalty. Is this correct?
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TurboTax Premier Online
March 1, 2021
3:17 PM
