- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can lump sum averaging be used to figure tax on a retirement death benefit? Decedent and beneficiary were both born before Jan. 1936.
1099-r was received. Code 4 "Death" is in box 7.
Topics:
June 6, 2019
12:00 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
It appears so, if a number of conditions are met. Please review these. During the interview process for the 1099-R entry TT should ask you about this. Be on the lookout for any questions about it and carefully answer them.
https://ttlc.intuit.com/questions/4318825-ten-year-averaging-of-401k-pension-who-can-use-it
https://www.irs.gov/taxtopics/tc412
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 6, 2019
12:00 AM