Home / Questions / When an annuitant receives liquidation payments, part of the payment is a return of princi
When an annuitant receives liquidation payments, part of the payment is a return of principal and is thus exempt from Federal Income tax. The tax-exempt portion of the payment is calculated using the
a,Combined ratio |
b. | Refund ratio |
c.Vested ratio |
d. | Exclusion ratio |
Dec 02 2019 View more View Less
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