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Non qualified annuity taxiation exclusion % self funded
Talked to insurance company and they said the proceeds from the non qualified variable anniuty is taxed on a "LAST IN/First out basis!" and not using the exclusion % with my $100,000 initial investment back in 2011. I disagreed and asked them to show me where in the contract it states this and also where the IRS guidelines aslo show this. Was I right to ask them to show me this?
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‎January 30, 2024
7:20 AM