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erika-letanosky-
New Member

I was a life insurance beneficiary n need to file to get the 10% interest back the company's kept?

 
2 Replies
MaryK4
Employee Tax Expert

I was a life insurance beneficiary n need to file to get the 10% interest back the company's kept?

Just enter your 1099-R and the tax withholding will be added to your return.

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fanfare
Level 15

I was a life insurance beneficiary n need to file to get the 10% interest back the company's kept?

if the policy holder borrowed against the policy you can end up losing on the face value payout. Policy holder never knew what was going to hit you. Filing a return won't get that money back.

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