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Receive interest only payments on a monthly basis from my annuity.Is this considered regular payments from my annuity since I am not taking a payment from the principle?
I am newly retired and my financial planner arranged for my monthly interest on my fixed annuities ( two of them through Pac.Life) to come to me toward my retirement money. Is this considered a regular payment since it is interest only? I received a 1099-R for it.
‎June 1, 2019
7:41 AM