inherited pension

[Mark Goldberg]

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.

[S T]

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.

http://www.irs.gov/pub/irs-access/f4972_accessible.pdf

Sandy