Interest received from a life insurance company is taxable and has to be reported on your tax return. See this IRS document.
If you didn't receive a form 1099-INT, you should enter it as if you received a form 1099-INT.
In TurboTax Online, you can enter interest received by following these steps:
- Open your tax return
- Click on Federal in the left-hand column, then on Wages & Income
- Locate the section Interest and Dividends and click on the arrow on the right
- Click Start next to Interest on 1099-INT.
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