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Annuity FAQs - Taxes

When are tax forms mailed to the contract owner?

  • Fair Market Value Statements are mailed by January 31.
  • IRS Forms 1099R are mailed by January 31.
  • IRS Forms 5498 are mailed by May 31.

Are distributions from an annuity contract taxable?

Note: Vantis Life does not provide tax advice. Please consult with your tax advisor, preparer or attorney for information regarding your annuity contract and specific situation.

In general -

  • Distributions from IRA annuity contracts are reported as taxable distributions.
  • Distributions from nonqualified annuity contracts are reported as taxable distributions on the amount withdrawn that is attributable to interest earnings.

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© Copyright Vantis Life Insurance Company, Windsor, Connecticut - All Rights Reserved.

Vantis, Vantis Life, and A better life experience are registered trademarks of Vantis Life Insurance Company.

Life insurance and annuities issued by Vantis Life Insurance Company, Windsor, CT (all states except NY) and by Vantis Life Insurance Company of New York, Brewster, NY (NY only). Products not available in all states and state variations may apply.