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Business, 16.10.2019 05:00 Schaughn

Brad owns a cash value life insurance policy. last year, the cash value increased by $300. brad received $100 in policyowner dividends on the policy last year. brad was the beneficiary named in his grandmother's $50,000 life insurance policy. when she died this past year, brad received $50,000. how much taxable income relating to life insurance must brad report for federal income tax purposes?

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Brad owns a cash value life insurance policy. last year, the cash value increased by $300. brad rece...
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