In Year $1,$ Ted purchased an annuity for $$60,000.$ The annuity is to pay him $$1,500$ per month for the rest of his life. His life expectancy is $120$ months. Which of the following is true?

A$.$ Ted is not required to recognize any income until he has collected $40$ payments $)=($$$60,000.$

B$.$ If Ted collects $100$ payments and then dies in Year $9,$ Ted's final tax return should include a miscellaneous itemized deduction not subject to the $2\%$ AGI limit for $$10,000.$

C$.$ If Ted lives and collects on the annuity for $130$ months, the amounts received in the last $10$ months are excludible from his gross income

D$.$ For each $$1,500$ payment received in the first year, Ted can exclude $$1,000$ in gross income