Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
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
MaryK1101
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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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.

Dynamic AdsDynamic Ads
Privacy Settings
v