Question: A taxpayer pays $ 2 5 0 , 0 0 0 in premiums into an annuity, not taking any deduction for the amount contributed, and

A taxpayer pays $

250, 000

in premiums into an annuity, not taking any deduction for the amount contributed, and the taxpayer dies before receiving any annuity payment. What happens to that $

250, 000 ?

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