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Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2014. The annuity will pay Melissa
Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2014. The annuity will pay Melissa $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Melissa on Form 1099-R for the current year (box 7 contained an entry of "7" on the form).
for 2014 individual tax return
line 16A?
line 16B
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