QUESTION: I'm a 66 year old single female, self-employed real estate agent. Filing my taxes for 2008, I discovered that an annuity I cashed in after losing most of its accumulated value since 1994, sent me a 1099 for the...
Question What are the tax ramifications on a 1 million dollar annuity which has accrued 250,000 dollars interest in the last 5 years, has no penalty clause( for withdrawal), and the proceeds will go to 5 heirs(children) in the form...
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