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June purchased an annuity for $100,000. She was to receive $20,000 per year and her life expectancy was 10 years. She died after receiving three
June purchased an annuity for $100,000. She was to receive $20,000 per year and her life expectancy was 10 years. She died after receiving three payments. What is the Impact if any, of the annuity, on June's final tax return? Explain your
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