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Insurance policy surrender
A life insurance policy on me was cashed in that was opened with my Social security number. It incurred a taxable income of over $39,696 that I became responsible for. I got a 1099-R and had to pay about $10,000 in taxes on my 2017 tax return. Someone told I could claim those "taxes" paid on my 2018 return. Is that true? If so, where would I claim that on my return? And can I go back and amend my 2018 return to claim those taxes paid in 2017?
‎November 25, 2019
11:51 AM