What Is Cost Basis In Annuities?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Cost basis for non-qualified tax deferred annuity is the total contributions made into the policy. Basis is not taxed in a non-qualified deferred annuity. It is either returned after all gain has been generated or is amortized over the life expectancy of the annuitant as part of the income from a life only distributions option.

   Answered on September 5, 2013

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