11 more annuity tax facts you need to know
Posted by William Byrnes on April 14, 2014
An annuity is a complicated beast — and during tax season, your clients’ questions can pile up faster than hospitality complaints from the crowds at Sochi. How are payments under a variable immediate annuity taxed? When is the exchange of one annuity contract for another a nontaxable exchange? Read on to find answers to these and other queries.
1. What general rules govern the income taxation of payments received under annuity contracts?
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