I had a life insurance policy with State Farm. I borrowed against it for over 15 years, and now I have to pay taxes on it, why is that? Why haven't I paid before?
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I had a life insurance policy with State Farm. I borrowed against it for over 15 years, and now I have to pay taxes on it, why is that? Why haven't I paid before?
I had a life insurance policy with State Farm. I borrowed against it for over 15 years, and now I have to pay taxes on it, why is that? Why haven't I paid before?
You may have passed the amount you put in as premium payments, or you reported that the policy is no longer in effect.
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