Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 3:48:20 PM

I received a check for unclaimed property from the state of Nebraska. there wasn't any forms like the 1099 with it , so is it considered taxable income?

0 1 3118
1 Best answer
New Member
Jun 4, 2019 3:48:21 PM

No, unclaimed property is not taxable.  However, any interest that had accrued would be taxable and the state issuing the unclaimed property.  For example, if you had a 500.00 life insurance policy that was unclaimed and interest had accrued on the policy of $23, you would owe taxes on the $23 in interest.

1 Replies
New Member
Jun 4, 2019 3:48:21 PM

No, unclaimed property is not taxable.  However, any interest that had accrued would be taxable and the state issuing the unclaimed property.  For example, if you had a 500.00 life insurance policy that was unclaimed and interest had accrued on the policy of $23, you would owe taxes on the $23 in interest.