My husband and I file together. His mother passed away last year. She had life insurance and he and his brother were the beneficiaries. He received a 1099-INT that stated interest income which I have included in the taxes we are filing. However I don't know what to do regarding the payout from the life insurance. Is that included as part of income or what? Of course it's not something that has a W2 and we have never had to deal with this before so I don't know what to do
