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February 12, 2024
Question

Can I deduct a loss I had from a Life Insurance investment?

  • February 12, 2024
  • 1 reply
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Can I deduct an Investment Loss?

1 reply

February 12, 2024

No, the tax law does not treat life insurance as an investment asset. It is treated as a personal asset and losses resulting from the sale or disposition of personal assets are not deductible.

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