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Subject:  Re: Term Certain Annuitization - Inherited Annui Date:  9/20/2012  11:58 PM
Author:  BaumgrenzeJohn Number:  116646 of 123001

Thank you Phil,

No, my searching sent me to Pub 939 which made no sense to me. On quick reading, it seems only to apply to life annuitizations, (based on the examples) not term-certain ones elected by beneficiaries.

I've downloaded Pub 575 and it says that the General Rule (393) must be used for nonqualified annuities. Catch 22, or so it seems to me.

I am asking about a beneficiary annuitizing a share of two sizeable annuities, both non-qualified, both started (the investment was made) before 11/18/96. On average they are 63% taxable and 37% invested capital. The payout is envisioned