lapierre
Returning Member

We received a death benefit from my husbands uncle but it was a life insurance benefit, annuity, lump sum of $50000 but we had to add it to our income?

we received a 1099 but were not thinking we needed to add it to our income? our uncle had paid taxes on this benefit monthly and the life insurance company already took 10% for fed taxes , why would we need to add this to our income?