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Withdrawals from annuity contracts - Allianz Life
www.allianzlife.comMay 09, 2016 · • Withdrawals from annuity contracts have tax implications. Consult your tax advisor to ensure you understand the tax impact. • Any interest or gain that is distributed from the contract will be taxable as ordinary income to you. Distributions from IRAs or 403(b) plans are generally fully taxable to you.