Bob L wrote:
- quote -

It is indeed taxable. In fact I saw one from Met Life just today due to
a client's wife's death.

At first I marveled at such a large amount, but then re reading that
death occurred in 1997 it's evident that this was a really delayed
payment. Sounds like nobody knew about the policy until someone
discovered it years later.

ChEAr$,
Harlan Lunsford, EA n LA

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My wife's father died in 1997 and in early 2008 my wife received a $2075
life insurance distribution from Met Life. My wife has 5 siblings so the
total life insurance distribution must have been around $12,450. I'm not
sure why Met Life didn't make the distribution sooner after her father's
death - it may be Met Life's fault or it may be that the estate didn't
notify Met Life in a timely matter.

A couple of days ago my wife (and other siblings) received a 1099-Int from
Met Life for $569 in interest received in 2008 which I'd guess is the
interest accrued on the life insurance from the date of death until the date
the distribution was made. I know the insurance distribution is not taxable
but is this interest taxable?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >