turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

JMKM
New Member

IF, I've contributed 10,000.00 to an annuity and later close it and get 7,500. 00 how much should i be taxed?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

IF, I've contributed 10,000.00 to an annuity and later close it and get 7,500. 00 how much should i be taxed?

since you are getting you own contribution back , you should not be taxed.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies