I received a Form 702 from a small life insurance settlement & am not sure if I will owe any taxes on this. My first & only clue so far is that when running through TurboTax there doesn’t appear to be any section to reference or include this inheritence. Please help & let me know how you found it out or where I can find more info. Thank you!!
Available Services
-
Upcoming
- Should I consider an immediate annuity for retirement planning.?
- What are some good financial retirement plans for parents after passing on family business?
- 2008 IRS 1040, line 16A (pensions & annuity)?
- Can I have a reverse life insurance policy, where they pay me as long as I live and they get money when I die?
- If annual interset rates are 10 percent. which of the following values will be the greatest?
- Melissa purchases a $50, 30yr annuity. Gary purchases a $50 perpetuity. In both cases pmts bgn in 1 yr?
- Can you borrow against a term life insurance policy?
- Should I get Term Life Insurance at a young age?
- What are my limits on contributing to all the retirement plans available to me combined?
- Has anyone taken and passed the Series 6 & 63 exam?
- Does anyone think that the law for “tailgaiting”, driving too close to other vehicles, should be enforced?
- Can someone answer this accounting problem for me?
- At what percentage are funds from settlements taxed?
- How much Taxes will I pay on discrimination settlement?
- can you answer this story problem? its really tough!!?
Visitor Stat