Thanks, Brittany. So it sounds like I should be able to use Form 4972, if you mean to say that 401k plans are eligible for it. My taxes went way down by doing that.
Curiously, Turbotax didn't actually present me with the capital gain alternatives. I took the distribution as a single lump sum, so that may be why? Does it automatically select the option, or combination of options, that will result in the lowest tax when you tell it to use the 10-year method? By that, I’m referring to the two capital gain alternatives you mentioned, in lieu of or in addition to the 10-year averaging.
Much appreciate the help.
