- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
You may need to clarify your question, but what it sounds like is you purchased an annuity with the funds in your SEP IRA. If you bought the annuity inside a SEP IRA, it is not a taxable transaction. If you took a distribution from the SEP, and bought an annuity without rolling it into another IRA first, then that would be a taxable transaction.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 16, 2021
3:45 PM