Search found 1 match

by marias
Sat Feb 21, 2015 11:25 am
Forum: Canada / United States Tax & Accounting
Topic: Life Insurance with Cash Value
Replies: 9
Views: 8153

Life Insurance with Cash Value

Hi:
We are Canadians living in US since 2008. I had a life insurance with Cash Value and we never reported to US tax since we understood that cash value less than 10,000 don't need to be reported.

This year we decide to cancel the life insurance and today I got a check for 7K and I don't know how ...