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I have a 1099-MISC from a death benifit payout from my fathers union, it is listed as a funeral benifut. Do I need to claim it or did i receive it because they had to file it?
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I have a 1099-MISC from a death benifit payout from my fathers union, it is listed as a funeral benifut. Do I need to claim it or did i receive it because they had to file it?
Life insurance death benefits (or funeral benefits) are not taxable. You do not have to report them on your tax return.
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