arn4old
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I followed the steps for the 1099-LS and entered the purchase price but they only gave me a $3000 loss and the entire $6447 is non-taxable'
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I sold my life insurane policy for $6447 and paid premiums of $567273. How do I enter that on turbo tax?
Activity Feed for arn4old
- Cheered Re: I entered the amount of my 1099-LS in turbo tax income but there was no place to put the amou... for JohnB5677. February 20, 2020 12:16 PM
- Posted Re: I entered the amount of my 1099-LS in turbo tax income but there was no place to put the amount I paid for the policy on Deductions & credits. February 16, 2020 4:31 PM
- Posted I entered the amount of my 1099-LS in turbo tax income but there was no place to put the amount I paid for the policy on Deductions & credits. February 13, 2020 2:09 PM
- Posted Re: Hello, I sold my life insurance policy and received $28,000. My total premiums since inception were $32,726.16. What do I need to claim....or not? on Get your taxes done using TurboTax. February 13, 2020 9:18 AM