1. 1000 POINTS
    Tyler Maddox
    Retirement Specialist, Cambridge Financial Group, Greenville, SC
    Generally speaking, yes, inheritance from an Annuity is taxable. It can be subject to all normal federal and state taxes that are applicable to inheritance. This can vary depending on your federal tax situation and your state & local tax laws. If you have inherited or expect to inherit Annuity proceeds you should speak with a CPA or Tax Attorney.
    Answered on September 28, 2013
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