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Subject:  Re: Term Certain Annuitization - Inherited Annui Date:  9/20/2012  10:56 PM
Author:  BaumgrenzeJohn Number:  116642 of 124773

Thank you IP and Peter,

I tried a bit more web based research. The answers I found did not satisfy me.

I'd like confirmation that when an annuity is annuitized, by the owner or a beneficiary, is not subject to LIFO rules; that each payment is equally part capital and part earnings in the same ratio as the investment, and that the earnings portion is taxable as ordinary income.

Thanks in advance,

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