BUMP Any Help Please
QUOTE=******78]I am 1 of 3 children dividing a total of 24K worth of life insurance from 3 different policies following my fathers' death. Our mother already passed away. I am in PA and my brother and sister are in CA. Are we liable for taxes on these disbursements?
I am 1 of 3 children dividing a total of 24K worth of life insurance from 3 different policies following my fathers' death. Our mother already passed away. I am in PA and my brother and sister are in CA. Are we liable for taxes on these disbursements?