Question

Do I claim interest paid on a life ins loan as both income and interest since I got a 1099R and it was a special kind of loan

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No, the interest paid on a life insurance policy is not deductible if you paid it.

If you received the interest, it is taxable income. If it was included on the 1099-R, then that is all you need to do.

If it was not included on the 1099-R, then you would enter it by clicking the following:

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