Life Insurance Tax
Tax Question of life insurance payments?
Any help is appricated. My father died in December 2008. I received a payment of life insurance. I am the beneficiary. I cashed the check in 2009. There were about 20. dollars in added interest to the investigation. I know I have to pay taxes on the interest profits. my question is what years I have to report it. 2008 .. the year the payment was sent to me or from 2009 the year i cashed the check? thanks for your help Joe
which are claimed as income in the year the check was dated. A secure contact an accountant to make sure your state or province is no exception the average grades in most places.
Life Insurance
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