MaryK4
Expert Alumni

Retirement tax questions

If the lump sum death benefit was for a life insurance policy, you would not pay income tax on it so you would not have to include it as income on your tax return.  If it is an annuity benefit, you would receive a 1099-R- these are not due to the IRS until January 31st, so the company may not have them filed yet.  

 

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