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Other financial discussions
The bottom line is that a lump-sum distribution may be the worst way to go. You could possibly have a much larger tax burden than if you spread it out. You can plug the amount into a fake return, using the information about the rest of your income, to see what it could cost you. Just open a new return with a different user name and then abandon it.
March 20, 2021
11:14 AM
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