allen
Level 1
12-07-2019
02:01 AM
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Solved! Go to Solution.
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sjrcpa
Level 15
12-07-2019
02:01 AM
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Yes. The question asks was there any insurance on the decedent's life, doesn't it?
Whether it is part of the taxable state is another question.
Ex-AllStar
Marc-TaxMan
Level 8
12-07-2019
02:01 AM
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yes it must be reported. There is a Q about life insurance on decedent.
Who owns the policy?
More interesting is what is value today with 1 death? and who inherits that policy? Will there be estate inclusion on death of #2 of the entire proceeds? Is that an issue?