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Non qualified inherited annuity
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twisniewski7
Level 3
12-02-2022
03:55 PM
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Are total distributions taxed from a non qualified inherited annuity from a parent or are the gains from the account taxable while the the contributions untaxed to the inheritor?
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2 Comments 2
Just-Lisa-Now-
Level 15
12-02-2022
04:46 PM
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Basis in it wont be taxable. Have the client call and ask the annuity company how much the taxable portion of the annuity will be.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Taxes-by-Rocky
Level 7
12-06-2022
03:09 PM
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Smells like IRD but you might want to research it since it was unqualified.
Did you get a Form 8971(?)
