@NCpersonI have read the examples in Pub939 and concluded that conceptually the General Rule is a very simple straight line amortization of basis in the contrac...
Understood, perfectly, that basis return is capped at original investment amount. In my case I have had only two annual distributions of a lifetime stretch(deat...
I have strong doubts about the reply given, at least per the 2023 version of IRS Pubs 525 and 939. I can find no distinction made about the General Rule between...
