Lori H Posted September 1, 2010 Report Share Posted September 1, 2010 Hi, A lone participant has passed away and the wife is wrapping up the affairs of the plan. a life policy was in the plan with a Face amount of $55,000 and a CSV of appx $35,000 at the last plan year end. What will be her tax implications on that policy, if any and how will that policy be reflected as a distribution? Will the CSV at the time of death be used for 5500 purposes or the Face amount? Link to comment Share on other sites More sharing options...
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