Is the return from an investment in life settlement funds taxable?
Question by smoothj : Is the return from an investment in life settlement funds taxable?
If they are taxable is it as ordinary income or as capital gains. Life settlement funds are created from companies purchasing life insurance policies from elderly people wanting to cash out and then basically waiting for them to pass away and collecting the full value of the policy.
What do you think? Answer below!
a profit from an investment is taxable
not as capital gains