I received a 1099-MISC form for a Life Insurance Policy Settlement. I thought that those things were no-taxable but when I enter in the information my refund is lowered.

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if you had died your heirs would have gotten the money tax free. cashing in a life insurance policy beforehand results in taxable income to the extent that what you received exceeds your basis in the contract. only the insurance company can provide that. sort of surprise a 1099-MISC rather than a 1099-R. however, you may have omitted some important info.