Get Riversource Outgoing Non-Qualified 1035 Exchange 2011
Subsequent withdrawal. For example, a distribution from either contract within 180 days of the exchange may result in additional taxable income related to the contracts involved in the exchange. The IRS tax treatment may be different than what is reported on Form 1099-R. A tax advisor should be contacted before any withdrawals are taken from either annuity contract during the180-day period. This 180-day limitation on withdrawals does not to apply to annuitized amounts if the annuitization is for.
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