10 Annuity Tax Facts You Should Know
December 23, 2019 by Robert Bloink and William H. Byrnes
There are many types of commercial annuities, all of which are designed to do different jobs. For this reason, any statement that begins “Annuities are …” is probably misleading or outright false, precisely because the term covers so many different types of contracts. Even more complex is the taxation of these products, which varies based on purchase date, type of contract and many other factors.