life insurance proceeds

do I count life insurance proceeds?

I did not earn any interest since I paid the funeral home with the proceeds and a few bills.

posted

Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren't includable in gross income and you don't have to report them.

Also, see: Life Insurance & Disability Insurance Proceeds

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How would capital gains be calculated on the sale of two houses in AZ (community property state) within two years of the death of a spouse?

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