The document discusses the treatment of variable annuities for U.S. federal income tax purposes, focusing on the definition and taxation of annuities, particularly PPVAs (Private Placement Variable Annuities). It explains the rules under Section 72 of the Internal Revenue Code regarding the taxation of scheduled payments from a PPVA, including the treatment of return on investment and ordinary income.
doj/DataSet10/EFTA01454374.pdf
{"document_type":"legal","document_subtype":"legal discussion","reference_numbers":["Treas. Reg. § 1.72-200(4)","I.R.C. § 72(u)","Treas. Reg. § 1.724(bX1)","Treas. Reg. §§ 1.72-1(b)","I.72-2(b)(2)","Treas. Reg. § I.72-4d)(3Xi)","Treas. Reg. §§ 1.72-6","1.72-7","1.72-10"]}