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Please provide enough information for me to assess that you have done research on the question. Please use 2020 tax regulations for your responses 1.At
Please provide enough information for me to assess that you have done research on the question. Please use 2020 tax regulations for your responses
1.At age 74, Bea needs money and sells her life insurance policy to Investor for $100,000, who continues to pay premiums totaling $50,000 before Bea dies at age 89 and Investor collects $500,000. How much must Investor include in Gross Income? See 101.
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