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Are the Annuity Payments from the Private Annuity Trust tax deductible?

Annuity deductible PAYMENTS private tax Trust
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Are the Annuity Payments from the Private Annuity Trust tax deductible?

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A. No. The annuity payments are considered purchase price payments with an “Annuity” amount. Therefore, for tax purposes, the Trust’s payments are not tax deductible as interest.

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