Is it worked for income if I’m using money from a life insurance policy from a passing family member to pay for more than half of my living expenses?

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Money received from a Life Insurance Policy is not taxable and is not counted as income.

However, I think you may be asking a different question. If your question is related to DEPENDENCY, it does not matter where the money comes from. The issue is how much did you spend as opposed to the other person.

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Why is TurboTax applying taxes to my farm income twice? It adds tax when I enter the data in the Schedule F, then again during the final checks.

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Is it worked for income if I’m using money from a life insurance policy from a passing family member to pay for more than half of my living expenses?

Is it worked for income if I’m using money from a life insurance policy from a passing family member to pay for more than half of my living expenses?

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Do you have a TurboTax Online account?

Is it worked for income if I’m using money from a life insurance policy from a passing family member to pay for more than half of my living expenses?

Do you have an Intuit account?

Is it worked for income if I’m using money from a life insurance policy from a passing family member to pay for more than half of my living expenses?

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