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March 13, 2025
Question

how do I enter my contributions to my individual annuity

  • March 13, 2025
  • 1 reply
  • 0 views
is annuity contribution deductible

1 reply

JohnB5677
March 13, 2025

No, contributions to an annuity are not deductible on your current tax return.

  • However, you will get credit for the contributions when you start to withdraw money from the annuity.
  • This will then be reported on a 1099-R.
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