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savanah2006
Jan 26, 2008, 08:08 AM
i did not work in 07. my father died in 07 and left me some insurance policy money. do i pay taxes on this? is it considered income?
IntlTax
Jan 26, 2008, 03:43 PM
Not taxable. Code § 101.
AtlantaTaxExpert
Jan 27, 2008, 07:27 PM
Agreed; definitely NOT taxable.