Hello…I going through the individual taxation portion of the Reg notes and have one question related to it. There is a heading for Tax-free Dividend Income and it includes the following:
Some stocks, S-Corp, and Life Insurance (it's on page 29).
How is it that Life Insurance is being regarded as Dividend Income. Please explain!!
Thanks so much!!
AUD - 75 BEC - 77 FAR - NINJA in Training REG - NINJA in Training
"The best preparation for tomorrow is doing your best today". (H Jackson Brown, Jr.)
Anytime. I only knew this because when I was in college, a guy I was dating was paying for a whole life plan and got dividends and I had no idea that life insurances offered payments before you died. 🙂
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