1.Will I have to report as income a small amount of money I received as an insurance benefactor from my friend that I was the Primary Care giver?

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1.Will I have to report as income a small amount of money I received as an insurance benefactor from my friend that I was the Primary Care giver?

The death benefit from a life insurance policy is not taxable income. You don't need to report that amount on your tax return.

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1.Will I have to report as income a small amount of money I received as an insurance benefactor from my friend that I was the Primary Care giver?

The death benefit from a life insurance policy is not taxable income. You don't need to report that amount on your tax return.

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