I have IRS question, and a annuity cash out?
Asked by: vpalmer
My only income for 2012 was an annuity that i cashed out. I might add, i cashed out early.
My question is, can i pay Social Security insurance on that annuity that i cashed out, so i get my credits needed for retirement. I understand you can earn 4 points a year, and you will need X-amount of points in the last ten years to qualify for SSI.
There was income tax withheld, and it was more then 20,000