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Hi and welcome to JA. Ray here to help you today.
You would not need to do a return for $5.00 income here, the life insurance is not taxable to the estate or heirs.I do not think that a return here will be necessary at all.
Minimum income for filing here was $11,85o for 2015 if they were 65 and older, $10,300 under 65.The life insurance is not taxable so the $5.00 is under the limits here , no return should be necessary.
I appreciate the chance to help you today.Thanks again.
Again the life insurance is not taxable.No return due here at all.
Thats correct.Life insurance is not taxable here whether estate or individuals got it.No return needed.
Thanks for letting me clarify.