IRC §72(b) · §72(q) · Form 1099-R

Deferred Annuity Withdrawal Planner

See exactly what's taxable, what's basis, and whether the 10% early-withdrawal penalty hits.

Annuity type

Owner age

Cost basis (after-tax premiums paid)

Current contract value

Distribution this year

Expected return (annuitized only)

Marginal federal rate

State income tax rate

Tax picture · §72

Exclusion ratio (annuitized)

Taxable portion of distribution

Return of basis (tax-free)

10% early-withdrawal penalty

Federal income tax

Net to you

Non-qualified annuity: LIFO. Earnings come out FIRST and are fully taxable. Once basis is recovered, further distributions are 100% taxable.

Map your annuity withdrawal strategy

2024 rules per IRC §72. 10% additional tax on early distributions §72(q). Exclusion ratio §72(b). Form 1099-R reporting. Educational tool, not legal advice. Call 689-331-5723 or email info@zerofusstaxes.com.