![Life Settlement Taxation at the Federal and State Levels.](/wp-content/uploads/2023/04/TCJA-300x183.jpg)
Tax blog
Life Settlement Taxation at the Federal and State Levels.
Implications for Policyholders and Financial Reorganization Strategies Selling policyholders life settlement were subject to a greater tax burden due to the lower cost basis because proceeds up to the policyholder’s cost basis are not subject to taxation. As record-high inflation