The document discusses the tax implications of distributions from a Private Placement Variable Annuity (PPVA). It covers the treatment of ordinary income, recovery of invested amounts upon death, and other distributions from the PPVA. It explains how distributions are taxed based on whether they are considered a return on investment or ordinary income, and the conditions under which deductions can be made.
doj/DataSet10/EFTA01454375.pdf
{"document_type":"legal","document_subtype":"tax regulation","reference_numbers":["Treas. Reg. $1.72-2(b)(3)","I.R.C. § 72(b)(3)(A)","I.R.C. § 72(b)(3)(C)","I.R.C. § 72(e)(5)(E)","I.R.C. § 72(eX2)(B)"]}