ordinary losses on annuities Submitted by Jeff Duncan on Fri, 2009-01-23 16:16 Can you take ordinary income losses on NQ annuities? Flag as spam
Permalink Submitted by Al Fry on Fri, 2009-01-23 16:30
Yes, as a misc. deduction, subject to the 2% of AGI threshhold. See IRS Pub. 575, found at IRS.gov, for more info.