It depends- if it is a death benefit, it is tax free and does not have to be reported, just be sure to keep the 1099 with your tax documents. The general rule is that if the decedent would have had to pay tax on it, you would be responsible for the tax (for example, if it was wages not included in the decedent's final return- this is rare)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
