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New Member
posted Apr 12, 2020 6:03:32 PM

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

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2 Replies
Expert Alumni
Apr 12, 2020 6:57:06 PM

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

Level 15
Apr 12, 2020 9:39:57 PM

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.