Write a letter to bob tax consequences of the receipt

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Reference no: EM131977211

Problem

Allison dies during the current year. She is covered by a the policy pro- surance policy payable to her husband, Bob. Bob elects to receive explaining the ceeds in 10 annual installments of S120,000. Write a letter to Bob tax consequences of the receipt of each installment.

Reference no: EM131977211

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