How Are Non Qualified Variable Annuities Taxed?

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    David RacichPRO
    Fountain Hills, Arizona
    Non-qualified, tax deferred annuities are tax as ordinary income for all gain in the policy. This includes variable annuities as well. It doesn't matter if gain is withdrawn, paid out over a time certain like 10 or 20 years or even annuitized for the life of the annuitant. The gain is taxable.
    Answered on July 21, 2013
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