US Taxes, questions, inherited death benefit, how to do it

Legal Taxes
1

Dear savvy US tax filers,
My mother passed away and left me some money.
Part of it is from an insurance co.
There is

  1. a gross amount,
  2. a taxable distribution amount, and
  3. a fed tax withholding amount.
    I’m not sure if I can just write this into my 1040 and 2555, or if I need to fill out some other forms. I don’t think I’ll owe any taxes as a fair amount has already been withheld.
    A second question would be, do you know anyone that could help answer this question or help do my taxes (if you don’t know the answer yourself)?
    I’m tempted to ask for the 6-month extension if I can’t figure this out in the next 6 days.
    Thanks for any and all help.
2

Don’t know abt taxes, but im sorry for your loss.

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3

Sincere condolences. Not sure about the tax part. Maybe ask @Bree? Isn’t she our resident U.S. tax expert?

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4

It will be on your 1040, but will not be included on the 2555. Depending on the amount, your standard deduction might reduce the tax to zero; in that case you could get the withholding refunded. If not, hope the withholding is enough to cover the tax. You should enter the amount on 1040, either line 4a or 5a, depending on whether the ‘ira’ box is checked on the 1099R. Let me know if you need help. My website is on my profile.

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5

Many thanks!