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Do I have to claim life insurance proceeds from my mother on my income tax form

 
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LindaA
Expert Alumni

Do I have to claim life insurance proceeds from my mother on my income tax form

No, life insurance proceeds issued after the insured person's death are generally not reported as income to the beneficiary. Note that any interest on the proceeds should be reported on your return. If there was interest paid, you should have received a Form 1099-INT from the insurance company.

https://ttlc.intuit.com/replies/4787394



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