Barbara was recently widowed, and she subsequently gave her daughter an existing $ 1 0 0 ,
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Question:
Barbara was recently widowed, and she subsequently gave her daughter an existing $ life insurance policy under which Barbara was insured, as a gift. Her daughter named herself the beneficiary of the policy and paid additional premiums of $ for the policy until her mother died. How much of the death benefit, if any, must the beneficiary include in her income for tax purposes?
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