I'm Anne. I've been preparing taxes
for 27 years and I'll be helping you tonight.
Since you didn't pay the salesperson's commission, you don't get to deduct the surrender charge. Instead, your loss is already accounted for in the surrender value of the annuity. You would be accounting
for surrender charges twice if you claimed a loss on an annuity and tried to deduct the surrender charge in the same year. Your surrender value that you receive is already net of surrender charges.
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