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I need to fill out a 1099 Misc for life insurance paid out to me from my sisters death
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April 11, 2020
8:42 AM
Anonymous
Not applicable
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Get your taxes done using TurboTax
no you don't. life insurance proceeds paid on death of insured isn't taxable. part of the payment might be interest which ias taxable. you would get a 1099-int for that if it was over $10.
April 11, 2020
10:32 AM