Question: Greg purchased an annuity for $200,000 in 2019, which will pay him $12,000 per year for life. His Wife expectancy is 25 years. If he

Greg purchased an annuity for $200,000 in 2019, which will pay him $12,000 per year for life. His Wife expectancy is 25 years. If he receives 512,000 in the current year (20201, calculate the amount he must include as gross income in 2020

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