Can lump sum averaging be used to figure tax on a retirement death benefit? Decedent and beneficiary were both born before Jan. 1936.
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.
Can lump sum averaging be used to figure tax on a retirement death benefit? Decedent and beneficiary were both born before Jan. 1936.
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.
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