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Harriet??s annuity has a total cash value of $2000, and she has paid a total of $1,500 into it. Under a Section 1035 exchange, Harriet
Harrietâ??s annuity has a total cash value of $2000, and she has paid a total of $1,500 into it. Under a Section 1035 exchange, Harriet rolls the entire value of the annuity into a different annuity. 2 answers
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1 Tax Deferral Explanation A Section 1035 exchange allows the owner of an annuity to exchange it for ...Get Instant Access to Expert-Tailored Solutions
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