Will the IRS will let my wife (age 65) and me (age 77, still employed) income average over 2-3 years a $100K lump sum retirement withdrawal in 2016?

clemens-43 · ‎May 31, 2019

dmertz · ‎May 31, 2019

No, no income averaging is possible under these circumstances. The $100k is reportable and taxable on your 2016 tax return.

Retirement tax questions