ebaines
Oct 22, 2010, 08:51 AM
Bill106 - sorry for your loss. But please clarify - what are you the beneficiary of? A life insurance policy? IRA or 401(k) account? Other type of investment account?
AtlantaTaxExpert
Oct 25, 2010, 03:36 PM
If it is life insurance, it is likely completely tax-free.
The other accounts WILL probably have some tax consequences.