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M
mcparke1
June 6, 2019
Question

Is life insurance deductible

  • June 6, 2019
  • 1 reply
  • 0 views
My brother and I both recived a life insurance policy pay out and his tax person is telling him we are supposed to file and get taxed but your website is saying otherwise. I'm a bit worried because my portion was large and I do not want to run into issues later.

1 reply

M
MaryM
June 6, 2019

Here is a link on what is taxable and what is not taxable, I hope this is helpful to you.

https://ttlc.intuit.com/replies/5645883

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