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17 April, 21:49

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

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  1. 18 April, 01:05
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    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.
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