GraceNY Posted March 8, 2019 Report Posted March 8, 2019 Would anyone know for sure if a death benefit received by a beneficiary qualifies for this subtraction. It's 1099R with a Code 4 in box 7. I know about the 20k limitation. It's only 2k and there's only 1 beneficiary. Thanks. Grace Quote
Dave T Posted March 8, 2019 Report Posted March 8, 2019 Yes, as long as the person that set up the IRA or pension would have qualified by being over 59/12 then the beneficiary can take the subtraction. 2 Quote
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