Is a dividend considered income?

bogeyparfl — Thu, 06 Jun 2019 09:50:33 GMT

My wife;s term life insurance policy annual dividend is enough to cover the annual premium. Is this dividend considered income and how do I report it?

Dividends from a participating life insurance policy are...

MinhT — Thu, 06 Jun 2019 09:50:35 GMT

Dividends from a participating life insurance policy are not considered as taxable income by the IRS. The IRS treats these dividends as partial refunds of your premiums.

You do not need to report them on your tax return.

topic Is a dividend considered income? in Get your taxes done using TurboTax

Is a dividend considered income?

Dividends from a participating life insurance policy are...