The Tax Reform Act of 1986

question 17

Multiple Choice

The Tax Reform Act of 1986

• A) Preserved the tax advantage of annuities but curtailed deductions for IRAs.
• B) Allowed whole life insurance policies to be sold.
• C) Identified annuities to be the same as certificates of deposit.
• D) Allowed annuities to be purchased for individual retirement accounts.
• E) Made all annuities tax free.

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