Hello,
I am trying to figure out my tax stuff early this year so can maybe do a doneradvisedfund.
Anyway, I was just reading your response to a question on life insurance and I am confused by the " statement of surrender" I received back in August.
It states that " the taxable gain amount is $2,238.46. So , is that considered a capital gain or ordinary income?
My proceeds were significantly larger as my father bought this policy for me in 1960! Need i say more?
Thank you!
Gael
