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mskeeter004
New Member

I received found money from my deceased mother. It was from an insurance policy. Do I claim it on my income taxes and where?

I received found money form an insurance policy that my mother had. She is deceased. Do I claim it on my income taxes and where?

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DDollar
Level 4

I received found money from my deceased mother. It was from an insurance policy. Do I claim it on my income taxes and where?

You do not need to claim the money.  Neither inheritances nor insurance benefits are taxable income.  You have nothing to include on your return.

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DDollar
Level 4

I received found money from my deceased mother. It was from an insurance policy. Do I claim it on my income taxes and where?

You do not need to claim the money.  Neither inheritances nor insurance benefits are taxable income.  You have nothing to include on your return.

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