Is life insurance deductible

[mcparke1]

My brother and I both recived a life insurance policy pay out and his tax person is telling him we are supposed to file and get taxed but your website is saying otherwise. I'm a bit worried because my portion was large and I do not want to run into issues later.

[MaryM]

Here is a link on what is taxable and what is not taxable, I hope this is helpful to you.

https://ttlc.intuit.com/replies/5645883