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whatbis the solution ? Which of the following would result in life insurance proceeds that are taxable to the recipient? A life insurance policy purchased

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Which of the following would result in life insurance proceeds that are taxable to the recipient? A life insurance policy purchased by a taxpayer insuring his or her business partner A life insurance policy transferred to a creditor in payment of a debt A life insurance policy purchased by a corporation insuring an officer, A life insurance policy in which the insured is the daughter of the taxpayer and the beneficiary is the taxpayer O A life insurance policy transferred by a shareholder to a corporation

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