Direct answer
Yes, California generally treats annuity payments as taxable income at the state level, following the federal tax treatment of the earnings portion of the distribution.
California Franchise Tax Board guidelines regarding the taxation of investment income and annuity distributions. For additional information about state tax reporting requirements, see the California Franchise Tax Board‘s official website.
What this means for you
Yes, California generally treats annuity payments as taxable income at the state level, following the federal tax treatment of the earnings portion of the distribution.
ANNUITYFACTCHECK
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