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So a life insurance pay out is non-taxable but a state retirement plan pay out is? I got hammered on my 2007 taxes when the feds came back and said I didn't claim a $5K payout of my mother's death benefit from SRTS. I thought I had rolled it into the estate but I couldn't find the records and just went ahead and payed the tax and fees (total of $1400 - ouch).


Still confused when it comes to estates and taxes...
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