topic I cashed in a life insurance policy. Do I claim it on my taxes? I did not receive a tax form from the company. in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-cashed-in-a-life-insurance-policy-do-i-claim-it-on-my-taxes-i-did-not-receive-a-tax-form-from-the/01/133730#M55839 Sat, 01 Jun 2019 06:35:17 GMT m3millie 2019-06-01T06:35:17Z I cashed in a life insurance policy. Do I claim it on my taxes? I did not receive a tax form from the company. https://ttlc.intuit.com/community/taxes/discussion/i-cashed-in-a-life-insurance-policy-do-i-claim-it-on-my-taxes-i-did-not-receive-a-tax-form-from-the/01/133730#M55839 Sat, 01 Jun 2019 06:35:17 GMT https://ttlc.intuit.com/community/taxes/discussion/i-cashed-in-a-life-insurance-policy-do-i-claim-it-on-my-taxes-i-did-not-receive-a-tax-form-from-the/01/133730#M55839 m3millie 2019-06-01T06:35:17Z If this was a policy on which you paid the premiums, taki... https://ttlc.intuit.com/community/taxes/discussion/if-this-was-a-policy-on-which-you-paid-the-premiums-taki/01/133735#M55842 <P> <B>If this was a policy on which you paid the premiums, taking the cash value of the policy is not taxable income.</B> </P><P>The cash value of the policy is essentially the amount of premiums paid in excess of the cost of purchasing the policy, which is why it builds over time. &nbsp;As long as you (as opposed to an employer) paid the premiums, you are getting your own money back.<B><BR /></B></P> Sat, 01 Jun 2019 06:35:18 GMT https://ttlc.intuit.com/community/taxes/discussion/if-this-was-a-policy-on-which-you-paid-the-premiums-taki/01/133735#M55842 AmyT 2019-06-01T06:35:18Z
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topic I cashed in a life insurance policy. Do I claim it on my taxes? I did not receive a tax form from the company. in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/i-cashed-in-a-life-insurance-policy-do-i-claim-it-on-my-taxes-i-did-not-receive-a-tax-form-from-the/01/133730#M55839
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I cashed in a life insurance policy. Do I claim it on my taxes? I did not receive a tax form from the company.
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https://ttlc.intuit.com/community/taxes/discussion/i-cashed-in-a-life-insurance-policy-do-i-claim-it-on-my-taxes-i-did-not-receive-a-tax-form-from-the/01/133730#M55839
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If this was a policy on which you paid the premiums, taki...
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https://ttlc.intuit.com/community/taxes/discussion/if-this-was-a-policy-on-which-you-paid-the-premiums-taki/01/133735#M55842
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<P> <B>If this was a policy on which you paid the premiums, taking the cash value of the policy is not taxable income.</B> </P><P>The cash value of the policy is essentially the amount of premiums paid in excess of the cost of purchasing the policy, which is why it builds over time. &nbsp;As long as you (as opposed to an employer) paid the premiums, you are getting your own money back.<B><BR /></B></P>
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