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Get your taxes done using TurboTax
@Mike5714 wrote:
I received death payout and there was interest of $60.00. The insurance company said it may be taxable, but they did not provide any 1099. What are my options?
You can report the $60 as "bank interest not on a 1099-INT" in the section for interest income. The principal of the death benefit is not taxable.
‎February 19, 2025
1:01 PM