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The document is the Kentucky Tax on Lump-Sum Distributions Form 4972-K, which is used by individuals born before January 2, 1936, to report and calculate taxes on lump-sum distributions from qualified plans. It outlines qualifications for filing, details on excludable lump-sum income, and various calculations related to capital gains and ordinary income. The form must be submitted with other tax forms such as Form 740, Form 740-NP, or Form 741.

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Click ‘Get Form’ to open the Kentucky Tax on Lump-Sum Distributions form in our editor.
Begin by entering the name of the recipient of the distribution at the top of the form. Ensure accuracy as this information is crucial for processing.
In Part I, answer whether you are filing federal Form 4972. If 'Yes', proceed; if 'No', you may skip completing this form.
Move to Part II and complete each line carefully, starting with entering amounts from Schedule P as instructed. Follow through each calculation step-by-step.
If applicable, complete Part III regarding capital gain elections, ensuring all figures are accurately transcribed from your Form 1099-R.
Finally, review all sections for completeness and accuracy before submitting your form through our platform.

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