AnnetteB6
Expert Alumni

Retirement tax questions

If you did not take any distributions and the non-qualified annuity has not matured, then there is nothing to report on your tax return.  

 

The earnings will grow tax-deferred until the contract matures.  Then, when you start receiving payments you will report and pay taxes on the earnings.

 

For your confirmation, here is a link to the 2024 filing requirements to help you determine whether or not you even need to file a return:

 

Do I need to file a federal return this year?
 

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