A taxpoyer is the sole beneficisty of two sfe insurance policies: Both the taxpayer's aunt and brother died unexpectedly this year. The taxpayer accepts his brother's $200,000 ife insurance policy proceeds as a lump sum and elects to receive aunt's $300,000 policy in 24 installments of $15,000 each, If the taxpayer recelves the $200,000 in a lump sum and only four of the 24 poyments from the $300000 in the current year what amount. if ary, is taxable this year? Murtiple Choice 50 $10,000 $50.000 $260000