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 » From: Oakdale, MN Dear TaxMama: My brother died and left my 11 yr old some life insurance money. Does she claim the interest? Or do I put it on my return? Or do I n thing with it? It earned $689.00 in interest. Chris Hi Chris, So sad to learn about your brother. Sounds like a generous guy. Add it to your tax return, using Form 8615 Use the form even though the interest is under $1500, at least you've reported the income. But there will be no taxes due. See, that was easy Best wishes, Eva Rosenberg Your TaxMama  |
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