If I cashed out whole life insurance dividends is it taxable.The insurance company did not send a 1099 if this money is taxable where do I report it.

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If I cashed out whole life insurance dividends is it taxable.The insurance company did not send a 1099 if this money is taxable where do I report it.

Whole life insurance dividends are not taxable as they are considered as a reduction in premiums. You do not report them on your tax return.

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