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rva
New Member

I need to fill out a 1099 Misc for life insurance paid out to me from my sisters death

 
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Anonymous
Not applicable

I need to fill out a 1099 Misc for life insurance paid out to me from my sisters death

no you don't. life insurance proceeds paid on death of insured isn't taxable.   part of the payment might be interest which ias taxable.  you would get a 1099-int for that if it was over $10.

 

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