How would you describe this business?

[jklcpa]

This is a partnership whose sole purpose is to hold several life insurance policies that would fund the stockholder redemption of a C corp. Partnership and C corp owned by the same person(s). The policies were transferred out of the corp to avoid the AMT on the proceeds on death. The policies are old ones that have a lot of cash value and dividends that cover a substantial portion of the premiums. The only items on this return are a small amount of bank charges and the nontaxable increase in value.

So I put the business code as 999999-Unable to classify, but what of the description? Hold an investment? And there is no product or service, so what to put there?

[kcjenkins]

Good a description as I can think of. As for the Service, how about "appreciation" ?