Question

death benifit

Forum|Forum|6 years ago
April 3, 2020
1 reply
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I received insurance in 2018 from a death benefit, do I need to file this and how?

Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren't includable in gross income and you don't have to report them. However, any interest you receive is taxable and you should report it as interest received.

Please see IRS Life Insurance Proceeds for more information.

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