@BBTown Bomber would be proud. A number of years ago I bought a NON-QUALIFIED annuity. After starting to take distributions, they say the cost basis is lower than my one time contribution. Considering the entire contribution was post-tax dollars (already paid taxes on it), how can this be?
Does that sound right? They refuse to change it or give an explanation. Can I explain the difference if I file taxes with a different number than their 1099R?
@jim, others?
Does that sound right? They refuse to change it or give an explanation. Can I explain the difference if I file taxes with a different number than their 1099R?
@jim, others?
