If an annuitant,whose annuity starting date was January 1,2007,dies before recovering his or her investment in the annuity,any unrecovered investment is recognized as a loss on the annuitant's tax return for the year of death.

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Quizplus · Accepted Answer

This is true according to IRS regulations. Any unrecovered investment in an annuity is recognized as a loss on the annuitant's tax return for the year of death, and can be claimed as a deduction by the beneficiary of the annuity.

If an Annuitant,whose Annuity Starting Date Was January 1,2007,dies Before