Series 7: 8.2.7.2 Annuitization Phase For A Non-qualified Annuity

Taken from our Series 7 Top-off 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 gain

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