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New Member
posted Jun 1, 2019 12:46:04 PM

Insurance question If I took a loan against my life insurance policy of $6000.00, do I report that somewhere?

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1 Best answer
Level 15
Jun 1, 2019 12:46:06 PM

No you do not need to report the loan anywhere on the tax return.

1 Replies
Level 15
Jun 1, 2019 12:46:06 PM

No you do not need to report the loan anywhere on the tax return.