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ARTSLADY
New Member

Why is my deceased husband's life insurance benefits classified as retirement account withdrawals?

 
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Accepted Solutions
MinhT
Expert Alumni

Why is my deceased husband's life insurance benefits classified as retirement account withdrawals?

Life insurance death benefits are not taxable and are not reported on your tax return.

Did you receive a form 1099-R?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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2 Replies
MinhT
Expert Alumni

Why is my deceased husband's life insurance benefits classified as retirement account withdrawals?

Life insurance death benefits are not taxable and are not reported on your tax return.

Did you receive a form 1099-R?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
patreu224
Returning Member

Why is my deceased husband's life insurance benefits classified as retirement account withdrawals?

Is the interest above the Life Insurance amount taxable?

 

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