### Question
What is the definition of reportable death benefits?


### Answer
The definition of **reportable death benefits** is as follows in *26 U.S.C. § 6050Y*:

> amounts paid by reason of the death of the insured under a life insurance contract that has been transferred in a reportable policy sale

#### Citation:
  - *26 U.S.C. § 6050Y*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 61-INFORMATION AND RETURNS > Subchapter A-Returns and Records > PART III-INFORMATION RETURNS > Subpart B-Information Concerning Transactions With Other Persons**

