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-   -   Mutual fund to annuity (https://www.askmehelpdesk.com/showthread.php?t=633249)

  • Feb 4, 2012, 03:19 PM
    Terri_W
    Mutual fund to annuity
    I took money out of my mutual fund (non ira) and put it in a fixed rate annuity. What tax liability issues are there?
  • Feb 6, 2012, 01:26 PM
    ebaines
    You report the sale of the mutual fund on schedue D, and either pay capital gains tax on the gain or take a loss, depending on the proceeds you received versus your cost basis. It doesn't matter that you used the money to invest in an annuity.

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