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Get your taxes done using TurboTax
Unless the variable annuity is a qualified annuity held withing a Roth IRA, gains in the variable annuity (amounts in excess of the investment in the contract) are taxable when distributed and will add to your MAGI for ACA. Annuities do not get a step-up in basis.
‎July 10, 2019
5:53 AM