Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
R
rp29
February 27, 2025
Question

Are annuity contributions just returns generated by the annuity?

  • February 27, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    T
    ThomasM125
    February 27, 2025

    No, an annuity contribution is an amount paid in to an insurance company that then invests the funds so that in retirement you will have a steady stream of distributions available to you.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
      R
      rp29Author
      February 27, 2025

      Thanks, that's what I was hoping for.

       

      TurboTax Sign In Widget
      TurboTax flag icon

      Unlock tailored help options in your account

      Create an account
      TurboTax Expert Assist
      TurboTax Expert

      Get answers to all your tax questions

      Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

      Terms & ConditionsAccessibility statement
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      ©1997-2022 Intuit, Inc. All rights reserved.
      Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
      of Intuit Inc. Terms and conditions, features, support, pricing, and service options
      subject to change without notice.

      Security Certification of the TurboTax Online application has been performed by
      C-Level Security.

      By accessing and using this page you agree to the Terms of Use.

      Accessibility

      TRUSTe nResult Certified e-File C-Level Security Certification