Bend Over
raped from birth to death and beyond
1. Mom had a life insurance / burial policy. Cost of burial and policy were within $500. Cost covered. MetLife paid, no problems, except they sent a 1099, as income. IRS says I owe tax on the full amount.
2. Dad had purchased some Treasury Bonds, years ago. 20 year bonds in my name. HIS taxed wages used to GIVE goobermint $$$$ for a pittance in interest (interest paid with our stolen wages). Bonds redeemed and IRS steals 20% of the accrued interest.
What a F*****!!! mess. We don't stand a chance.
Not sure what kind of policy you have but Life Insurance is generally NOT taxable.
However, there are some exceptions.
https://www.irs.gov/faqs/interest-d...:text=Answer:,report it as interest received.