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    hengensurprise
    New Member

    T5 Life Insurance Surrender. Where to deduct Life Insurance premiums paid?

     
    posted
    ‎March 18, 2025 6:41 PM
    last updated ‎March 18, 2025 6:41 PM
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    TurboTaxSusan
    Moderator
    Moderator

    T5 Life Insurance Surrender. Where to deduct Life Insurance premiums paid?

    You can't deduct your life insurance premiums unless you use your life insurance policy as collateral for a loan related to your business.

     

    ‎March 20, 2025 2:40 PM
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