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New Member
posted Jun 3, 2019 11:37:31 AM

I just borrowed some money from my whole life insurance policy where do I report that amount

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1 Best answer
Expert Alumni
Jun 3, 2019 11:37:32 AM

Loans from your life insurance policy are not considered as income. You do not have to report them on your tax return.

1 Replies
Expert Alumni
Jun 3, 2019 11:37:32 AM

Loans from your life insurance policy are not considered as income. You do not have to report them on your tax return.