Don Smith's wife died in January while still employed and, as her beneficiary, he began receiving an
Question:
Don Smith's wife died in January while still employed and, as her beneficiary, he began receiving an annuity of \(\$ 147\) per month.
There was no investment in the contract after June 30,2013 . The investment in the contract was \(\$ 7,938\). Don Smith, age 65 , received his first monthly annuity check as of February 3 , 2018. Determine the amount of his pension to be included in his gross income.
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Related Book For
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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