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I received Life insurance in 2016. were do i add that into my taxes

 
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AmyT
New Member

I received Life insurance in 2016. were do i add that into my taxes

Life insurance proceeds received as a beneficiary of a policy paid on account of death are generally not considered taxable income.  

However, depending on how long the proceeds were held, there may have been interest income paid in addition to the principal amount of the policy.  You may want to contact the company that paid out the life insurance to see whether interest income applies to your situation.

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