How to report foreign life insurance on TurboTax? I have the deluxe version, and am only holding a foreign life insurance policy but not receiving any income from it.
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1 Best answer
donferg1332
Level 2
Jun 3, 2019 11:58:47 AM
No income - no need to report anything
2 Replies
donferg1332
Level 2
Jun 3, 2019 11:58:47 AM
No income - no need to report anything
Gheeree
Level 1
Jun 3, 2019 11:58:49 AM
Isn't it required to report even if no income from life insurance policy if the guaranteed surrender value and balance of other accounts combined, exceed $10,000.