My husband died in February 2016. I received a life insurance payment, with interest. I believe only the interest is taxable. How do I report the interest in Turbo Tax?
I can't find any income category for life insurance interest in the Turbo Tax screens.
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1 Best answer
Texas Roger
Level 15
May 31, 2019 11:39:59 PM
It is entered in the same place bank interest reported on a 1099-INT is entered. Just enter it as if you had received a 1099-INT.
1 Replies
Texas Roger
Level 15
May 31, 2019 11:39:59 PM
It is entered in the same place bank interest reported on a 1099-INT is entered. Just enter it as if you had received a 1099-INT.