Reply To: taxation of inherited variable annuity

Home Fairmark Forum Taxation of Investments taxation of inherited variable annuity Reply To: taxation of inherited variable annuity

#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.