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View Full Version : Tax on inhertance

savanah2006
Jan 26, 2008, 10:08 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, 05:43 PM
Not taxable. Code § 101.
AtlantaTaxExpert
Jan 27, 2008, 09:27 PM
Agreed; definitely NOT taxable.