Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Taxes on annuity left benificiary for
[ 6 Answers ]
My brother and I were left an annuity form my mom when she passed, my questions is do I add this to my earned income taxes and possibly raising to the next tax bracket or will I be taxed separate on my income and the annuity? Also I'm in NC, do I have to pay state taxes? The money was in the...
Trust is Beneficiary. Who pays the taxes on Annuity interest?
[ 1 Answers ]
My Mother died in 2007 and had a simple Trust. She had a total of five annuities. Two went directly to my sister and I as 50/50 beneficiaries. The other three went into the trust to maintain the home/property until it sells. My sister and I were both issued 1099-I for the money we received from...
Annuity taxes
[ 1 Answers ]
I inherited a non-qualified annuity from my parents. Am I taxed on the interest earned on the annuity or on the full amount of the annuity?
Taxes on an inherited annuity
[ 3 Answers ]
My father passed away in 2005 and bequeathed his annuity to me and my sister. The funds (approximately $16,000 each) were distributed in 2006 and his estate paid the Federal and Colorado State taxes on it before my sister and I received our share. Because I deposited the entire amount into the...
Paying taxes on inherited annuity
[ 1 Answers ]
My brother and I were beneficiary of an annuity. I understand we pay taxes on the taxable amount listed in box 2a of the 1099. My question is... do I treat this as income adding it to myearned income and possibly raising my tax bracket, or do I pay taxes based on the earned income bracket? ... View more questions Search
|