Where Do You Report Life Insurance Proceeds?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Most life insurance proceeds do not have to be reported at all. If you are taking payments on a monthly or annual basis, you need to report the interest that the insurance company is paying you for retaining your money. You report this in the same spot where you report other earned interest.
    Answered on January 10, 2014
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