cathyan Posted April 10, 2013 Report Share Posted April 10, 2013 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? Quote Link to comment Share on other sites More sharing options...
Bart Posted April 10, 2013 Report Share Posted April 10, 2013 $400 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.