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How much of annuity payments must I include?

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smith123 Joined: 09 Jul 2011 Posts: 168	Posted: Thu Feb 09, 2012 9:54 am    Post subject: How much of annuity payments must I include? I purchased a 20yr annuity for $20,000. I will receive payments of $370 each month of annuity's life. How much of the annuity payments must be included in my 2009 gross income? I received all 12 payments this year. Also, how much of these annuity payments may be excluded from gross income? ________________ Annuity
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