Megan Gorman

Megan works with families and individuals, helping them navigate through tax, estate, liquidity and investment planning.

Managing Partner, Tax Professional

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(415) 529-4880
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Q&A
Asked by w-lmburris

Answered by Megan Gorman
Tax Professional
Yes, this is specified on the 1099.
Tax Returns Taxes
Q&A
Asked by bgggirl

Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
The short answer is no. However, if you receive interest on the proceeds, the interest is taxable.
Life Insurance Insurance Tax Laws Taxes
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