Where on a 1040 is the full surrender proceeds of a non-tax qualified variable annuity reported. There is some basis (exclusion ratio) and some additional increase is value. Is this value capital gains or is it taxed as ordinary income? I have not been able to see where to enter it on my 1040. This is not following a death but an early complete distribution of the annuity. No withdrawals have ever been taken on the annuity. Thank you.
