https://ttlc.intuit.com/community/tax-law-changes/discussion/life-only-annuity/01/3696331#M1977 <P>My life only annuity starts in 10 years. If I die after payments begin but before I recover my entire cost basis, there is no refund of any kind. But can my Executor take the unrecovered basis as an "other itemized deduction" on my final 1040 [Schedule A]?&nbsp;</P><P>Same question as above, but this time if I die before any payments have started. Again, ro refund from the annuity company, but can the Executor still deduct the entire cost basis [entirely unrecovered since no payments happened] on the final 1040?</P><P>Thanks for both questions. Much appreciated.&nbsp;&nbsp;</P> Wed, 06 Aug 2025 16:34:00 GMT dlz887 2025-08-06T16:34:00Z https://ttlc.intuit.com/community/tax-law-changes/discussion/life-only-annuity/01/3696331#M1977 <P>My life only annuity starts in 10 years. If I die after payments begin but before I recover my entire cost basis, there is no refund of any kind. But can my Executor take the unrecovered basis as an "other itemized deduction" on my final 1040 [Schedule A]?&nbsp;</P><P>Same question as above, but this time if I die before any payments have started. Again, ro refund from the annuity company, but can the Executor still deduct the entire cost basis [entirely unrecovered since no payments happened] on the final 1040?</P><P>Thanks for both questions. Much appreciated.&nbsp;&nbsp;</P> Wed, 06 Aug 2025 16:34:00 GMT https://ttlc.intuit.com/community/tax-law-changes/discussion/life-only-annuity/01/3696331#M1977 dlz887 2025-08-06T16:34:00Z