Is A 1099-R Generated For An Ownership Change On A Nonqualified Deferred Annuity?

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One response to “Is A 1099-R Generated For An Ownership Change On A Nonqualified Deferred Annuity?”

1. 

   June 5, 2015

   Thad Bynum

   A 1099 is not generated on a non-qualified annuity until such time as the funds are withdrawn. The 1099 will then just represent the gain on the annuity and not the principal amount. There could be consequences of the transfer depending on the amount of the transfer as it could have gift tax consequences.