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Rec'ed a buy out from at&t versus a pension that I didn't contribute. turned into IRA/Annuity plan and now withdrawing at 72. is this taxable or any deductions?

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Rec'ed a buy out from at&t versus a pension that I didn't contribute. turned into IRA/Annuity plan and now withdrawing at 72. is this taxable or any deductions?

Yes, it's taxable in the same way as any IRA distribution.

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