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posted Jun 22, 2025 6:21:56 AM

Complete Distribution of an Annuity to only one joint owner

There was just a complete distribution of an annuity with two owners.  The insurance company did not write a joint check and just did a 1099 for the primary owner.   The funds were distributed 50/50 and the secondary owner wants to pay taxes on its share directly to the IRS..  How can that be accomplished without the primary owner paying twice?

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