Bought Fidelity annuity Sept 1995....Cost $ 25,000.Would like to sell by end of yr(Mkt Val) 55,000.( no penalty since I held it for 5 yrs)The assumed profit $ 30,000.00..Question. is the $ 30 K cosidered a LTCG(long term Cap gain)? or ordinary income ?You'll find your answer here. Click on this site.http://www.fool.com/retirement/annuities/annuities02.htmcf
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