turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What is special averaging method?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
LinaJ2018
Intuit Alumni

What is special averaging method?

It is a provision in the tax code allows the use of a special  formula called “ten-year income  averaging ” by qualifying individuals or their beneficiaries to determine the tax liability with respect to a lump sum distribution they may receive from an employer-sponsored qualified plan or annuity.

For more information:

https://ttlc.intuit.com/replies/6714619

View solution in original post

1 Reply
LinaJ2018
Intuit Alumni

What is special averaging method?

It is a provision in the tax code allows the use of a special  formula called “ten-year income  averaging ” by qualifying individuals or their beneficiaries to determine the tax liability with respect to a lump sum distribution they may receive from an employer-sponsored qualified plan or annuity.

For more information:

https://ttlc.intuit.com/replies/6714619

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question