• Question
  • Insurance proceeds

    Asked by someone from Hyattsville, MD on 2/21/2014

    My father died and his retirement insurance was awarded to me. Do I owe taxes on the proceeds?

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  • Categories: Retirement Assets and Savings, Life Insurance

Answers

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  • The answer is provided as general information only and provided by students pursuing a degree in Personal Financial Planning at Texas Tech University. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or Certified Financial PlannerTM as to your unique financial situation.

  • Login to rate this answer:   Answered on 2/26/2014
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.