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Where should an annuity be filed?

patbell102patbell102 Member Posts: 3

I receive a monthly annuity that the IRS will need to know about but is not strictly part of my business. What is the proper way to account for this?

in Accounting Technical Support

Comments

  • EmmaPEmmaP Member Posts: 639 ✭✭✭

    Hi @patbell102! Thanks for reaching out here! This could depend on a few things (what the annuity is for, where you receive the funds into etc.). Because this is more specific to you or your business and you need to declare it to the IRS, I'd recommend reaching out to your accountant to get professional advice for the correct way to bookkeep this one!

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