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    Bill106's Avatar
    Bill106 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 21, 2010, 08:53 PM
    My daughter died and I am the beneficiary what isbmy options I live in Texas
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    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.
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