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?
01862
1 Replies
MinhT
Expert Alumni
Jun 6, 2019 4:27:15 AM
Life insurance death benefits (or funeral benefits) are not taxable. You do not have to report them on your tax return.