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So total are interest?Sorry, by mistake I push previous "post" to fast.
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Estate got one check with total amount and info: "this check represents the proceeds of the group life insurance benefit due to the death of ..., a member of th...
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So I need report it as a interest income, line 1? This time it will be fully taxable.
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Estate is the beneficiary of the insurance proceeds. It is below the limit so it should be nontaxable. Estate does not have any liability. Total amounts will be...
