Legal Question in Insurance Law in Florida
my mother died and I was the beneficiary on her policy, are the life insurance benefits I received taxable? It did earn interest but less than $100.
Asked on 5/30/14, 11:05 am
1 Answer from Attorneys
Barry Stein
De Cardenas, Freixas, Stein & Zachary
The life insurance proceeds are not taxable. The interest is taxable.
Answered on 5/30/14, 11:56 am
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