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What is q ua l i?

q ua l i stands for Qualifying Longevity Annuity Contract, which is a type of annuity that is purchased with a portion of a retirement account and provides guaranteed lifetime income starting at a future date.

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Individuals who have purchased a Qualifying Longevity Annuity Contract are required to report it on their tax returns.

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To fill out q ua l i, individuals must report the details of the annuity contract, including the amount invested and the future income payments.

What is the purpose of q ua l i?

The purpose of q ua l i is to provide a source of guaranteed income during retirement that can help individuals avoid running out of money.

What information must be reported on q ua l i?

Information such as the amount invested, the start date of the income payments, and the insurance company issuing the annuity must be reported on q ua l i.

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