Where do I enter inheritance (life insurance proceeds)?
031936
3 Replies
KenH1
New Member
Jun 7, 2019 4:00:28 PM
Life insurance death benefits are not taxable and thus not reported.
tlstar_00
Level 1
Jun 7, 2019 4:00:31 PM
The state of Calif. withheld money for federal taxes. How do I get that back?
wabekem
Level 3
Apr 23, 2020 8:03:03 PM
But the interest received on the policy since time of death to payment is taxable, correct? We received a 1099-INT so it appears we will pay tax on that amount.