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    inherited pension

    My client inherited what was left of her Mom's 403(b) plan and took it in a lump sum. I assume since the Mom had been receiving payments from this plan for years that the daughter can't use 10 year averaging on the amount she received. I looked in pub 575 and in Lasser's and QF and find nothing on point.

    #2
    Form 4972

    Mark, the instructions for form 4972, state that distributions from a 403b plan do not qualify for 20% Capital Gain election or 10 year Tax Option.



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