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New Member
posted Feb 29, 2020 11:41:34 AM

How to determine if TN Insurance Interest is taxable. Thanks.

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2 Replies
Expert Alumni
Feb 29, 2020 12:03:51 PM

Interest from insurance policies is non-taxable if interest is payable on demand.

 

You can see the Hall Income Tax Guide by the Tennessee Department of Revenue here. The above is from page 4, number 5. 

Not applicable
Feb 29, 2020 3:13:56 PM

if it was more than $10 and taxable you should have gotten a 1099-int.