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posted Jun 4, 2019 7:12:20 PM

Can I avoid being taxed on $25K I received from a misc income if I rolled that into an annuity?

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1 Replies
Level 15
Jun 4, 2019 7:12:21 PM

If this is earned income then look at doing a SEP IRA and that will help.

You cannot roll the money into a Annuity to avoid the taxes.

https://ttlc.intuit.com/replies/5204946