GINNYLEE6509
Junior Member
What is the name of your state?What is the name of your state?Oklahoma
I am the beneficiary of life insurance, which is in an interest-bearing "Asset Account". Do I have to report and pay tax on this amount? If so, is there a place I can put it, to avoid paying a large amount of tax this year?
Thanks.
I am the beneficiary of life insurance, which is in an interest-bearing "Asset Account". Do I have to report and pay tax on this amount? If so, is there a place I can put it, to avoid paying a large amount of tax this year?
Thanks.