QUESTION
Can I take out all of my annuity to purchase a home tax free?
Asked on Aug 22nd, 2012 on Estate Planning - Colorado
8 ANSWERS
This question depends on your specific circumstances, and should be answered by your financial advisor and accountant.
Answered on Sep 05th, 2012 at 8:40 PM
Trust Attorney serving Cincinnati, OH
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Paul A. Nidich Attorney at Law
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No.
Answered on Aug 27th, 2012 at 1:49 PM
Business Planning Attorney serving Livonia, MI
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Frederick & Frederick Attorneys at Law
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I am not aware of any program that allows you to do this. Since tax has never been paid on this, it will need to happen.
Answered on Aug 27th, 2012 at 1:49 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Sadly you have not provided sufficient information. Call my office with details and for an appointment.
Answered on Aug 27th, 2012 at 1:49 PM
Discuss this with your tax advisor.
Answered on Aug 27th, 2012 at 1:48 PM
No, you cannot.
Answered on Aug 27th, 2012 at 1:48 PM
Thomas Edward Gates
It depends on the terms of the annuity, but it is highly unlikely.
Answered on Aug 27th, 2012 at 1:48 PM
Trusts Attorney serving Sacramento, CA
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Law Office of Victor Waid
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I advise you ask an account CPA that question as I am not experienced in taxes.
Answered on Aug 27th, 2012 at 1:48 PM