What Are The Tax Consequences Of A Life Insurance Policy That I Received From A Family Memeber??
January 19th, 2010 - ByI received a Form 702 from a small life insurance settlement & am not sure if I will owe any taxes on this. My first & only clue so far is that when running through TurboTax there doesn’t appear to be any section to reference or include this inheritence. Please help & let me know how you found it out or where I can find more info. Thank you!!