Non Spouse Beneficiary-NQ Annuity-10% Early Withdrawal Question

[CALTCAgent]

IRS really doesn't say much. It really heavily depends on how carrier reports the 1099 & if the carrier recognized the step up in basis at death if it was pre 1980.

Looks like they are going to need a good tax attorney. The carrier seems clueless. Very complicated annuity situation.

 

[Allen Trent]

I am not sure. I know that all 3 beneficiaries have the same policy #.

In similar beneficiary accounts I have seen the carrier issue a letter A on the end of the policy for one beneficiary, a B, & C for the other so they could each have their own separate account