OK retirement income deduction question

[jeremy885]

Here's the story. My grandmoher received a 5K lump-sum distribution for her deceased BIL's retirement account from the Oklahoma Puplic Employees Retirement System. When I inputed everything from the 1099 into Turbo Tax, it said that I could take this as a retirement income deduction to income on her OK tax return. I asked my mom (whose a CPA) and she wasn't sure without looking and she doesn't have the time. Am I allowed to take this deduction as Turbo Tax is saying or do I need to report this as income? They withheld tax on the 1099, so that's why I unsure on what to do.

[Hamhock]

your mom, who is a cpa, doesn't have time to look up a question to help your grandma with her taxes??

turbo tax is right.

[jeremy885]

Thanks for the help.


I'm an accountant, but not a CPA, and have been doing their (my grandmother's taxes) for the last couple of years. In my mother's defense, she didn't know about it before hand and I didn't have the 1099 with me to show her when I asked.

[Hamhock]

that's ok...besides, i would prefer completely anonymous tax advice over a cpa relative anyday...;)

[jeremy885]

heh, I read the OAC 710:50 15-48, and figured it was, but a second opinion is always nice.