Jul 6, 2013 #1 B bob ny. New Member 1 I have a annuity that has reached commencement date. What taxes do I have to pay on a lump sum withdrawal bob w.
I have a annuity that has reached commencement date. What taxes do I have to pay on a lump sum withdrawal bob w.
Jul 6, 2013 #2 Norwayguy I have spent way too much time here. 5000 Post Club 8,707 Norway, ME bob ny. said: I have a annuity that has reached commencement date. What taxes do I have to pay on a lump sum withdrawal bob w. Click to expand... Is this a qualified annuity or nonqualified? Assuming nonqualified you would pay income taxes on the policy gain above your basis.
bob ny. said: I have a annuity that has reached commencement date. What taxes do I have to pay on a lump sum withdrawal bob w. Click to expand... Is this a qualified annuity or nonqualified? Assuming nonqualified you would pay income taxes on the policy gain above your basis.
