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-   -   Tax on inhertance (https://www.askmehelpdesk.com/showthread.php?t=176875)

  • Jan 26, 2008, 10:08 AM
    savanah2006
    Tax on inhertance
    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?
  • Jan 26, 2008, 05:43 PM
    IntlTax
    Not taxable. Code § 101.
  • Jan 27, 2008, 09:27 PM
    AtlantaTaxExpert
    Agreed; definitely NOT taxable.

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