You'll need to sign in or create an account to connect with an expert.
No. I have several policies that I have set up like this and I have never had to claim it as income.
There might be a value limit, so I would check with a tax consultant to be certain.
Life insurance dividends are not taxable. They are treated as tax-free returns of premiums. But if you are earning interest on your dividends, the interest gain is taxable.
Here's more info on Life Insurance Dividends.
NOT TAXABLE - if they were you would have gotten a 1099-Div
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
kritter-k
New Member
smfw29a2
Returning Member
tibbons2
Level 2
hti708
Returning Member
blue1234-
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.