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they are if you sell them and they create income. and also if they are bought with a view to their appreciating in value.

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Q: Are drawings taxable
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Are cash drawings taxable?

I assume you are asking that if you take a cash loan, withdrawal or surrender your policy for the cash value, will the money you receive be taxable? On a loan no, never. On a Surrender or withdrwal, only the cash that exceeds the amount of premiums you paid. Before surrendering a policy, check and see if you can get an offer from a life settlement. It usually is worth more than the cash value.


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I don't know what taxable means."Certain essential items, like food, should not be taxable.""Does this bonus contribute to my taxable income?"


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