This is not considered earned income, so I was wondering if I have to report this and if i do, How would I report it as?
2007-03-11 14:15:02 · 5 answers · asked by Mr. Right 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
This is not considered earned income, so I was wondering if I have to report this and if i do, How would I report it as?
and i'm not dead. i'm the one claiming the death benefits.
2007-03-11 15:41:27 · update #1
Generally death benefit from life insurance are tax free . And that is unless the Government has changed their ruling .You do not have to report it on your income tax filing .
2007-03-11 22:18:10 · answer #1 · answered by Gentleman 7 · 0⤊ 0⤋
Where did they come from? Are these death benefits really life insurance? Social security death benefit? What?
2007-03-11 16:13:36 · answer #2 · answered by CarVolunteer 6 · 0⤊ 0⤋
If the money derives from a Will from a deceased, you're subject to estate duties and not income tax.
2007-03-12 01:02:52 · answer #3 · answered by SGElite 7 · 0⤊ 1⤋
If you're dead why are you filing?
2007-03-11 15:39:27 · answer #4 · answered by freckles1063 3 · 0⤊ 0⤋
Claiming what kind of death benefit? More details, please.
2007-03-11 19:01:53 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋