Series 7: 8.2.7.2. Annuitization Phase For A Non-Qualified Annuity

Taken from our Series 7 Online Guide

8.2.7.2. Annuitization Phase for a Non-Qualified Annuity

Once a contract enters the annuitization period and the investor begins to receive payments, the IRS breaks up these monthly payments into two parts for tax purposes:

1. The original investment

2. The remainder, the earnings, which represents capital gains and interest

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