If you amend your 2019 and 2018 returns, here is how you enter these.
- Go to federal>income and expenses>all income>>show more
- Less Common Income> Start
- Miscellaneous Income,>start
- Other reportable income>start
- Next screen asks Any Other Taxable Income>yes
- The next screen will allow you to report the income with a brief explanation.
- Enter this as Foreign Life insurance Maturity Proceeds
- Life insurance premiums are not deductible for domestic or foreign life insurance policies.
[Edited 03-15-2021|07:17 PM PST]
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