Need MO PTC help

[cathyan]

Client had an investment account with ING, and had it transferred directly to Franklin. The 1099R from ING shows a gross distribution of $15,000 and taxable of $400, code 7. For the MO Real Estate Tax rebate, all income has to be used. So, do I need to use the $15,000 as income, or the $400? An individual investment account, not IRA, direct transfer, and I'm confused. Anybody know?

[Bart]

$400