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Bobby and Jenny file married filing jointly. Bobbys uncle passed away during the year. Bobby and Jenny received $100,000 from the uncles life insurance policy.

Bobby and Jenny file married filing jointly. Bobbys uncle passed away during the year. Bobby and Jenny received $100,000 from the uncles life insurance policy. Neither Bobby nor Jenny paid any of the premiums. How would Bobby and Jenny handle the 100,000 payment on their 2020 tax return?

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