Home › Fairmark Forum › Taxation of Investments › taxation of inherited variable annuity › Reply To: taxation of inherited variable annuity
May 2, 2022 at 3:53 am
#77528
Kaye Thomas
Moderator
Though I don’t know for sure, I expect converting some or all of the annuity to one with a different annuitant would be a taxable exchange. I would be surprised to learn there’s a way for your friend to shift the tax on the annuity’s gain to her brother. This is not a strong area for me, so the only firm advice I can give is to consult a knowledgeable professional before proceeding.