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    #1

    Pension exclusion

    I have a couple who are paid pensions. I have used the simplified general rule to exclude portions of the taxable pensions.

    The husband died last year, and the wife is getting his pension (code 4) and I am hoping that I can carry on the exclusions until the basis or contributions are used up.

    Am I right to do that?
    "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey
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    #2
    Just reading it quickly but Pub 575 Page 34 says you can and even "must".
    JG

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