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?
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?
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