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New Member
posted Feb 26, 2025 10:27:56 AM

Are life insurance proceeds I received from overseas as a beneficiary due to the death of the insured person, taxed?

Are life insurance proceeds I receive as a beneficiary due to the death of the insured person, taxed?

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1 Replies
Level 15
Feb 26, 2025 10:30:58 AM

A cash inheritance is not reported on a tax return.