Business, 31.10.2019 06:31 audjwood67
A68 year old client has made $12,000 in contributions over the last 10 years into a non-tax qualified variable annuity and is now retiring. the value of the annuity now is $20,000 and the client elects to take a lump-sum settlement. what amount of the payout will be subject to ordinary income tax?
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A68 year old client has made $12,000 in contributions over the last 10 years into a non-tax qualifie...
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