If you know the total amount of premiums you paid for the policy, subtract that amount from the surrender amount you received. The balance (if any) can be entered under Wages & Income > Miscellaneous Income, 1099-A, 1099-C, Other Reportable Income > Other Taxable Income.
Add description 'insurance surrender value' (or something like that) and the Amount.
You are correct that the surrender value would not be taxable if you never deducted your premiums. The only thing unknown here is if your policy accumulated any Cash Value over the years that you received as part of the surrender, then that amount would be taxable.
@newtoTT1
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
