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Taxpayer purchased an annuity from an insurance company that promised to pay her $2,200 per month for the rest of her life

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Taxpayer purchased an annuity from an insurance company that promised to pay her $2,200 per month for the rest of her life. Taxpayer paid $310,464 for the annuity and is 69 years of age. Determine the amount of the first payment Taxpayer must include in gross income.