How Are Non Qualified Annuities Taxed At Death?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaNon-qualified tax deferred annuity distributions are taxed as ordinary income at the effective tax bracket rate of the annuity owner. There are beneficiary strategies or methods to extend or stretch the distributions.Answered on July 16, 2013+01+1 this answer
0flag this answerview more answers by David Racich- 123 POINTSview profileEverett YoungEverett Young, CLU, Delaware Valley, PennsylvaniaYes. Growth in annuities is tax-deferred, not tax free. Gains are taxed as ordinary income. Even gains in "variable annuities" are taxed as ordinary income. Special taxation rules apply to spouses and to beneficiaries which determine when the tax must be paid. But gains are always taxed as ordinary income to the recipient.Answered on September 4, 2014flag this answer
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