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URL:  http://boards.fool.com/thank-you-ip-and-peter-i-tried-a-bit-more-web-30274708.aspx

Subject:  Re: Term Certain Annuitization - Inherited Annui Date:  9/20/2012  10:56 PM
Author:  BaumgrenzeJohn Number:  116642 of 121061

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,

baumgrenze
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