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rareufo43
New Member

Do you pay taxes on annuity loan

 
1 Reply
MargaretL
Employee Tax Expert

Do you pay taxes on annuity loan

You don't pay taxes if it really is a loan and not a distribution.  Funds borrowed from you annuity plan are not treated as taxable, as long as you are paying back the loan.  If you default on the loan, then it will be taxable distribution, which you will have to report. 

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