Personally Purchased Retirement Annuities
- § 16.01 Overview of Taxation of Annuities Purchased by Retirees
- —–[1] Taxation of Annuity Payments
- —–[2] Taxation of Non-Annuity Payments
- —–[3] Premature Distributions Under the Annuity Contract
- —–[4] Borrowing Under the Annuity Contract
- —–[5] Exchanging an Annuity Contract
- —–[6] Tax Planning with Purchased Annuities
- —–[7] Income Tax Withholding
- § 16.02 Date Payments Begin Under a Purchased Annuity Contract
- —–[1] Earliest Date Annuity Payments May Begin Without Penalty
- ———-[a] The 10 Percent Penalty Tax on Premature Distributions
- ———-[b] The Age and Death Exceptions
- ———-[c] The Disability Exception
- ———-[d] The Substantially Equal Payment Exception
- —————[i] Substantially Equal Payments Generally
- —————[ii] Substantially Equal Annuity Payments
- —————[iii] Substantially Equal Non-Annuity Payments and Safe Harbors
- —————[iv] Modifications of Payments Triggering Penalties and Interest
- ———-[e] Other Relevant Exceptions
- ———-[f] Tax-Free Exchange of Annuities
- ———-[g] Applicability of Penalty to Annuities Held in Trust
- —–[2] Latest Date Minimum Distributions to Beneficiaries May Begin
- § 16.03 Investment in the Annuity Contract
- § 16.04 Annuity Payments Under the Contract
- —–[1] Amounts Received as an Annuity
- ———-[a] When Payments Are Taxable as Annuity Payments
- ———-[b] Variable Annuity Payments
- —–[2] Taxation of Annuity Payments
- ———-[a] The Exclusion Percentage and Determination of the Expected Return
- ———-[b] Expected Returns for Common Types of Annuities
- ———-[c] Taxation of Fixed Term Annuities
- ———-[d] Taxation of Ordinary Life Annuities
- ———-[e] Taxation of Temporary Life Annuities
- ———-[f] Taxation of Stepped Life Annuities
- ———-[g] Taxation of Ordinary Joint & Survivor Annuities
- ———-[h] Taxation of Stepped Joint & Survivor Annuities
- ———-[i] Taxation of Equally Stepped Joint & Survivor Annuities
- ———-[j] Taxation of Variable Annuity Contracts
- ———-[k] Quarterly, Semiannual, or Annual Payments for Lifetimes
- ———-[l] Increases or Decreases in Annuity Payment Amounts
- ———-[m] Multiple Current Recipients or Multiple Annuities
- ———-[n] Recovered and Unrecovered Investment in an Annuity Contract
- —————[i] Recovered Investment in an Annuity Contract
- —————[ii] Unrecovered Investment in the Annuity Contract
- —————[iii] Two or More Annuities with Different Terms or Beneficiaries
- § 16.05 Taxation of Non-Annuity Distributions
- —–[1] Non-Annuity Distributions in General
- —–[2] Certain Non-Annuity Payments Not Taxed
- —–[3] Non-Annuity Distributions Potentially Nontaxable in Part
- —–[4] Non-Annuity Payments Fully Taxed
- —–[5] Planning the Timing of a Lump Sum Distribution
- § 16.06 Lump Sum Converted to Annuity; Partial Annuitization
- § 16.07 Loans to Retirees Under Purchased Annuity Contracts
- § 16.08 Exchange of Annuity Contract for New Annuity Contract
- § 16.09 Exclusion After Exchange of Contracts or Change of Annuity Payment Period
- § 16.10 Gift of the Annuity Contract
- § 16.11 Role of Purchased Annuities in Tax Planning
- § 16.12 Tax Withholding on Payments under an Annuity Contract
- § 16.13 Annuity Contracts Not Held by Natural Persons
- § 16.14 Taxation of Private Annuities
- § 16.15 Tax on Net Investment Income Applies
- § 16.16 Estate or Gift Tax Imposed on Annuity Contract Benefits
» Chapter 17 – SOCIAL SECURITY BENEFITS