We bought an annuity from lincoln benefit, and began withdrawing in 2023 , what is basis of retirement income?

we purchased ourselves an annuity, not part of any company retirement plan, what basis is this distribution?

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Yes, when you buy a non-qualified annuity, the basis is the amount of your investment in the annuity. This amount should be listed in box 5 of Form 1099-R.

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If my wife and I made $70,000.00 jointly in 2024, and I sold a house in which $487,500.00 was taxable. What would my tax rate be on the sale of the house?

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We bought an annuity from lincoln benefit, and began withdrawing in 2023 , what is basis of retirement income?

We bought an annuity from lincoln benefit, and began withdrawing in 2023 , what is basis of retirement income?

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We bought an annuity from lincoln benefit, and began withdrawing in 2023 , what is basis of retirement income?

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We bought an annuity from lincoln benefit, and began withdrawing in 2023 , what is basis of retirement income?

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