my 3 brothers and I inherited my mothers estate. an annuity is included. when I applied to the company for my share to be distributed I was told I only had to pay taxes on what the annuity "earned". now here's the catch since the annuity is to be split 4 ways my share was 1/4 of total. the annuity earned a total of $32,500. now here my question I recieved 1/4 of the full amount of the annuity, I was told by a rep. of the compnay that I only had to pay taxes on 1/4 (my share) of what the annuity earned. is this correct?