Legal Question in Insurance Law in Illinois
my name is Esther. My husband passed away and received a death benefit of $50,000 life insurance. Is this amount considered income? Should I declare this amount to IRS?
Asked on 2/18/20, 12:58 pm
1 Answer from Attorneys
Michael R. Nack
Michael R. Nack, Attorney at Law
This is really a tax question. Please consult with your tax advisor.
Answered on 2/19/20, 1:20 pm
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