Question: phyllis surrenders her annuity while it is in the accumulation phase. she paid 8 , 0 0 0 into the conrtact, and it has a

phyllis surrenders her annuity while it is in the accumulation phase. she paid 8,000 into the conrtact, and it has a value of 11,000. how will her 3,000 gain be taxed?

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