I received $5,119.38 as one of two beneficiaries of my deceased mother's life insurance policy. Of that amount, $47.18 was interest. Is the entire amount considered as

income or just the interest part?

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Only the interest is taxable income. The death benefit from a life insurance policy is not taxable income.

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Only the interest is taxable income. The death benefit from a life insurance policy is not taxable income.

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