TomK2023
Expert Alumni

Retirement tax questions

Annuitization is the process of converting an annuity investment into a series of periodic income payments. Annuities may be annuitized for a specific period or for the life of the annuitant.

 

Did you take out all of the money in one lump sum?

 

IRS Instructions for Forms 1099-R and 5498 (page 15)

 

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