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Level 3
February 18, 2022
Solved

life insurance

  • February 18, 2022
  • 3 replies
  • 28 views

Hi I RECENTLY RECIEVED A LUMP SUM BENEFICIARY LIFE INSURANCE IS THAT CONSIDER INCOME

This topic has been closed for replies.
Best answer by rcooley25

I went to the net and posted my question, and I received the answer to my question about, If a beneficiary life insurance funds are taxable. the answer no. THANKS FOR NOTHING! posting for those who need help in the future.


There was a time earlier on where I got a lot of negative responses to my questions, Some seem to get upset real easy, But the longer I stayed with this I found that the majority of the people are great and willing to help. Dont let the few oddballs get the best of you.

3 replies

Level 10
February 18, 2022

Please remove the cap's lock.

Why would the life insurance be considered income?

BobKamman
Level 15
February 18, 2022



You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Level 3
February 18, 2022

NO I AM A TAX PREPARER, BUT I NEVER DID A LIFE INSURANCE POLICY BENEFICIARY THAT IS WHY I AM ASKING THE QUESTION.

Level 3
February 18, 2022

I thought this is a program that helps Tax Preparer with their questions, instead I am getting corrected and I am told go somewhere else.

IRonMaN
Level 15
February 18, 2022

You are certainly welcome!  Thanks for coming!  

Slava Ukraini!
ljr
Level 9
February 18, 2022

Even after 30 years of doing taxes every year I purchase a quickfinder handbook - it is also a great place to start to get answers.

Level 3
February 19, 2022

Thank You!