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New Member
posted Jun 4, 2019 6:07:54 PM

Can you help me with income averaging? I cashed in a 401K $130,000 which put me in a much higher tax bracket by $130,000 above my avg. Can I do a 5 year averaging?

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Level 15
Jun 4, 2019 6:07:58 PM

No.  Income averaging ending in the 1980's, except for some farmers and fishermen.