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New Member
posted Jun 7, 2019 4:00:27 PM

Where do I enter inheritance (life insurance proceeds)?

0 3 1936
3 Replies
New Member
Jun 7, 2019 4:00:28 PM

Life insurance death benefits are not taxable and thus not reported.

Level 1
Jun 7, 2019 4:00:31 PM

The state of Calif. withheld money for federal taxes. How do I get that back?

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.