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Scenario 3
Mark and Nancy
- Filing Joint
- Mark was born in 1959, and received private retirement and pension benefits of $25,000.
- Nancy was born in 1960 and received $35,000 in surviving spouse retirement and pension benefits from her late husband Eduardo’s private pension.
- Eduardo, Nancy's deceased husband, was born in 1944 and died in 2008.
Mark and Nancy refer to the Form 4884 instructions in the MI-1040 Booklet and answer the questionnaire as follows:
- Question 1 - Yes
- Question 2 - No
- Question 3 – Married filing jointly and identify Mark as the key person. Eduardo, Nancy’s deceased spouse, may not be the key person as Nancy has remarried since his death.
- Question 4 – 1959, as Mark is the key person.
- Question 5 - No
- Question 6 - No
- Question 7 - No
- Question 8 - No, and they are instructed to not file Form 4884 as they are not eligible for a retirement and pension benefit subtraction.