qabarbie
New Member
Member profile
- Replies
- Posts
-
thank you
-
Thank you. I've read that the tax liability is typically passed to beneficiaries because the tax rate for individuals is lower. This is the part I need clarity ...
-
Thank you, that's what we're going to do.
-
Thanks for asking that! The contract owner, annuitant and beneficiary on the annuity contract is Mom.
Activity Feed for qabarbie
- Posted Re: If an executor liquidates an annuity in the estate to pay debt and expenses, how are the taxes on the gain calculated and paid? TIA on Get your taxes done using TurboTax. July 7, 2022 5:49 PM
- Posted Re: If an executor liquidates an annuity in the estate to pay debt and expenses, how are the taxes on the gain calculated and paid? TIA on Get your taxes done using TurboTax. July 7, 2022 5:19 PM
- Posted If an executor liquidates an annuity in the estate to pay debt and expenses, how are the taxes on the gain calculated and paid? TIA on Get your taxes done using TurboTax. July 7, 2022 5:02 PM
- Posted Re: Mom's estate (NJ) is using proceeds from annuity liquidation to pay estate expenses. Should the estate or the beneficiaries pay the taxes on the the annuity proceeds? on Deductions & credits. June 21, 2022 7:26 PM
- Posted Re: Mom's estate (NJ) is using proceeds from annuity liquidation to pay estate expenses. Should the estate or the beneficiaries pay the taxes on the the annuity proceeds? on Deductions & credits. June 21, 2022 6:53 PM
- Posted Mom's estate (NJ) is using proceeds from annuity liquidation to pay estate expenses. Should the estate or the beneficiaries pay the taxes on the the annuity proceeds? on Deductions & credits. June 21, 2022 5:10 PM