The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: lump sum distribution - subsequent years||Date: 2/27/2000 1:12 PM|
|Author: shtevo1||Number: 30183 of 124774|
can anyone tell me how to handle the forward averaging of lump sum distributions in subsequent years? I did
my folks tax return the last year when they received a 1099-R and we filled out form 4972 with 5 year forward averaging.
How does the 20% income from distribution get reflected
on tax forms in subsequent years. TurboTax doesn't seem to kick me into any additional form to request these numbers (I didn't use Turbo-Tax last year). Where does this income get recognized?
thanks in advance.
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