For nonqualified annuities purchased today, at what point does the annuitized income stream generated from...
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For nonqualified annuities purchased today, at what point does the annuitized income stream generated from such contracts become fully taxable?
- a. when the full amount of principal has been distributed
- b. when the full amount of investment earnings has been distributed
- c. when the annuitant reaches age 70
- d. never
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