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deb-clark
New Member

Looking for form 4972, anyone know how to get this form.

 
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FaithY
Expert Alumni

Looking for form 4972, anyone know how to get this form.

TurboTax will populate Form 4972 for you once you enter your retirement plan withdrawal, and if you meet a series of special requirements. 

If you have a large retirement plan balance, taking a lump-sum could trigger significant tax consequences. However, IRS Form 4972 allows you to claim preferential tax treatment if you meet a series of special requirements. The biggest requirement is that you have to be born before January 2, 1936.

Please click the links below for more information.

https://turbotax.intuit.com/tax-tips/investments-and-taxes/what-is-form-4972-tax-on-lump-sum-distrib...

https://www.irs.gov/pub/irs-pdf/f4972.pdf

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