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Jim passed away on January 1, 2020. Mary, his wife, received $63,000 from Jim's life insurance policy in 2020. What amount, if any, of

Jim passed away on January 1, 2020. Mary, his wife, received $63,000 from Jim's life insurance policy in 2020. What amount, if any, of the life insurance proceeds must Mary include in gross income in 2020? If Mary elected to receive payments of $6,700 per year for 10 years beginning in 2020, what amount, if any, would be included in Mary's 2020 gross income?

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