Is my income from a fixed annuity considered ordinary or capital gains?

In Annuities - Fixed Annuity - Asked by Admin - 9 months ago

While the tax-deferred attributes of fixed annuities is beneficial to growth, once payments begin, income is taxed as ordinary income and not considered capital gains.

Answered by Admin - 9 months ago

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Is my income from a fixed annuity considered ordinary or capital gains?

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