I received a 1099-R for a whole life insurance policy that my estranged father apparently took out when I was 2 years old, I never knew this policy existed, I have never contributed to it or received any benefits from it. Since the premiums were not being paid, the policy apparently went into a loan status and closed once the loan exceeded the cash value to which I am now being taxed for loan forgiveness as income apparently. Can I dispute this situation as again I will state I have never contributed or received any funds from this whole life insurance policy that was taken out when I was a toddler?
