Question
Decedent died owning an insurance policy that would pay $2 million to Beneficiary. Six months later, the insurance company paid Beneficiary $2 million plus
Decedent died owning an insurance policy that would pay $2 million to Beneficiary. Six months later, the insurance company paid Beneficiary $2 million plus $50,000 interest. What portion of the payment to Beneficiary will be included in Beneficiary's gross income?
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