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About mippy56

mippy56

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Social Security

Re: Impact of inheritance and life insurance on Medicare B/D MAGI, IRMAA

First of all the life insurance proceeds are not taxable. Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments or property. However, any subsequent earnings on the inherited assets are taxable, unless...
mippy56 11-22-2022 02:44 PM
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Social Security

Re: Impact of inheritance and life insurance on Medicare B/D MAGI, IRMAA

First of all the life insurance proceeds are not taxable. Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments or property. However, any subsequent earnings on the inherited assets are taxable, unless...
mippy56 11-22-2022 02:44 PM
1
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0
Kudos
6679
Views

Social Security

Re: Impact of inheritance and life insurance on Medicare B/D MAGI, IRMAA

First of all the life insurance proceeds are not taxable. Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments or property. However, any subsequent earnings on the inherited assets are taxable, unless...
mippy56 11-22-2022 02:44 PM
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Reply
0
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Date Registered ‎12-28-2009 12:00 AM
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