Ask Question
17 April, 21:49

When a disability buy-sell is funded by the partnership, what is the tax liability?

+1
Answers (1)
  1. 18 April, 01:05
    0
    When a disability buy-sell is funded by the partnership, there is no tax liability. The reason is because the premiums used to fund a buy-sell agreement are not tax deductible. The premiums paid by a partnership business, where the shareholder or the owner is the insured, are not considered taxable income.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When a disability buy-sell is funded by the partnership, what is the tax liability? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers