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URL:  http://boards.fool.com/id-like-confirmation-that-when-an-annuity-is-30274724.aspx

Subject:  Re: Term Certain Annuitization - Inherited Annui Date:  9/20/2012  11:09 PM
Author:  TMFPMarti Number:  116645 of 121223

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.

Have you checked Pub 575?

Phil
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