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Obligation to declare as occasional acquire for all times insurance coverage – jj
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Obligation to declare as occasional acquire for all times insurance coverage



Answer by Dr. Diego Guevara, Accounting and Tax Research Leader of actualicese.com to the question

9. A man dies and his wife receives 84,000,000 for life insurance last year. Are you required to declare as an occasional gain?

Question & Answer Session, Thursday, July 22, 2010

Complementary material:

It is taken in line 50 of "Exempt Income"

See page 97 of the booklet for form 210

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