Fixed Annuity

Report a fixed annuity and income in Schedule A. 

Fixed Annuity: An Example

For You, Your Spouse, and Your Dependent Children

Schedule A

Report a fixed annuity if the value of the annuity was more than $1,000 at the end of the reporting period, or if the annuity produced more than $200 in income during the reporting period.

Block A: Provide the name of the insurance company issuing the annuity and write “fixed annuity.”

Block B: Report the value of the annuity by marking the appropriate column.

Block C: Report the total amount of income that was produced during the reporting period by marking the appropriate “Amount” column. If the amount of income is more than $200, you also need to report the type of income by marking the applicable “Type” column. For fixed annuities, the type of income usually is “interest.”

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This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.