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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
Experience:  10 years experience
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We are 71 and 81. we plan on selling our house, put the

Customer Question

we are 71 and 81. we plan on selling our house, put the money in an immediate annuity and use is for assisted living. do we have to pay taxes on the amount placed in anannuit?
Submitted: 2 years ago.
Category: Tax
Expert:  Richard replied 2 years ago.

Good evening. My name is ***** ***** I look forward to helping you.

Can you provide me a bit more information? How long have you lived in the house? And, how much profit are you making on the sale? Thanks.

Expert:  Richard replied 2 years ago.
Good morning. I had asked you last night for some additional information. Since I didn't hear back, I wanted to make sure you received my request. Just let me know so I can help you with your questions. Thanks.