relatives life inc policy
do I file file the amount of money from death of a mother and if so where?
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do I file file the amount of money from death of a mother and if so where?
Generally, life insuranceproceeds you receive as a beneficiary due to the death of the insuredperson, aren't includable in gross income and you don't have to report them. However, any interest you receive is taxable and you should report it as interest received.
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