TaxmannEA Posted January 8, 2014 Report Share Posted January 8, 2014 I have a client who purchased a non-qualified annuity several years ago with the proceeds of an inheritance. He would like to transfer the money in this account to another carrier. Is there a way that this can be done without making the earnings to date taxable when the money is withdrawn? I only find rollover treatment for qualified annuities. Quote Link to comment Share on other sites More sharing options...
Philip1117 Posted January 9, 2014 Report Share Posted January 9, 2014 Yes. Make sure its a 1035 exchange from one Non Qualified Annuity to Another Non Qualified Annuity. Client can not get funds they must be sent by the carrier. Regards, Philip, CFP, MS Quote Link to comment Share on other sites More sharing options...
TaxmannEA Posted January 9, 2014 Author Report Share Posted January 9, 2014 Thanks. I felt that there should be a way, but could not find the cite in my reference books. Quote Link to comment Share on other sites More sharing options...
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