Will I pay less taxes as beneficiary of an inherited annuity if I choose regular periodic payments or if I choose a lump sum?

[nadilaadikae3]

My mother passed away. I'm a beneficiary of her annuity and I don't know which payment option to choose. I need to know what my taxes would look like for periodic payments versus taking the lump sum.

[fanfare]

Based on the amount of the lump sum, you can estimate your one time tax.

based on the amount of the monthly payment, x 12 will allow you to estimate the tax you will pay each year.

@nadilaadikae3