PennTreaty Policy Buyouts

Discussion in 'Long Term Care Insurance Forum' started by TriciaS, Aug 7, 2017.

  1. TriciaS
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    TriciaS Well-Known Member

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    State:
    New Jersey
    If anyone has clients that have received the buyout letters (my understanding is that for once NJ moved quickly, and we are one of the first) but has anybody determined if they are taxable? I called Penn Treaty "I don't know" "call your CPA" and "we are waiting for an IRS ruling" (that they don't expect anytime soon) were the answers I was given. CPA's are calling me!
     
  2. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    State:
    New York
    Can you post a copy of that letter?
     
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