Form 4972 2017-2025

See details

4.4 out of 5

242 votes

Form 4972 is used to calculate the tax on lump-sum distributions from qualified plans for participants born before January 2, 1936. It allows taxpayers to apply special tax options, such as the 20% capital gain election and the 10-year tax option, which may result in a lower tax liability compared to reporting the distribution as ordinary income. The form includes instructions for determining eligibility, reporting requirements, and specific calculations related to capital gains and taxable amounts.

Here's how it works

01. Edit your 2021 form 4972 online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to rapidly redact Form 4972 2017 online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click 'Get Form' to open IRS Form 4972 (2017) in the editor.
Begin by entering your identifying number and the name of the recipient of the distribution at the top of the form.
In Part I, answer questions 1 through 5 to determine eligibility for using this form. If you answer 'No' to any relevant questions, you may not be able to use Form 4972.
Proceed to Part II if you are electing the 20% capital gain option. Enter the capital gain amount from Form 1099-R, box 3 on line 6.
If applicable, complete Part III for the 10-year tax option. Follow instructions carefully for lines related to taxable amounts and exclusions.
Review all entries for accuracy before finalizing your form. You can print, download, or share your completed form directly from our platform.

Empower yourself with DocHub's seamless editing tools—start filling out your forms online for free today!

See more form 4972 2017 versions

We've got more versions of the form 4972 2017 form. Select the right form 4972 2017 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4 Satisfied (50 Votes)
2022	4.5 Satisfied (53 Votes)
2021	4.9 Satisfied (37 Votes)
2020	4.3 Satisfied (193 Votes)
2019	4.2 Satisfied (36 Votes)
2018	4.3 Satisfied (60 Votes)
2017	4.4 Satisfied (242 Votes)
2016	4.4 Satisfied (677 Votes)
2015	4 Satisfied (30 Votes)
2014	4.2 Satisfied (25 Votes)
2011	4.3 Satisfied (66 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is schedule 4972?

If you were older than 59-1/2 before you received a lump sum from a qualified employee retirement plan, you may have some other options that can reduce your tax bill. To use any of these special treatments, you must complete IRS Form 4972, Tax on Lump-Sum Distributions, and attach it to your tax return.

How to avoid US tax on pension lump-sum?

You may be able to defer tax on all or part of a lump-sum distribution by requesting the payer to directly roll over the taxable portion into an individual retirement arrangement (IRA) or to an eligible retirement plan. Topic no. 412, Lump-sum distributions | Internal Revenue Service IRS taxtopics IRS taxtopics

Who needs to file form 4972?

IRS Form 4972 Eligibility You were older than 59-1/2 before you received a lump sum from a qualified employee retirement plan. The form can be used to take advantage of special grandfathered taxation options for individuals born on or before January 1, 1936. A Comprehensive Guide on Tax on Lump-Sum Distributions - SaasAnt SaasAnt articles understanding-irs-fo SaasAnt articles understanding-irs-fo

What triggers a lump-sum distribution?

Additionally, a lump-sum distribution is a distribution thats paid: Because of the plan participants death, After the participant docHubes age 59, Because the participant, if an employee, separates from service, or.

How to avoid taxes on lump-sum pension payout?

Roth conversion option: You can roll your lump sum payout directly into a Roth IRA. You will pay taxes on the amount converted, but future earnings and withdrawals can be tax-free if the account has been open for at least five years and you are at least age 59.

How to fill out form 4972?

Enter the amount from Form 1099-R, box 3. B. Enter the amount from Form 1099-R, box 2a. C. Enter the capital gain amount from Form 1099-R, box 3 (if you elected. to include NUA in taxable income, enter the amount from line G of the. NUA Worksheet) B. Enter your percentage of. distribution from Form 1099-R, box 9. B. Instructions for Form 4972 - IRS IRS pub irs-prior i4972--1993 IRS pub irs-prior i4972--1993

How to figure tax on lump-sum distributions?

Heres how to calculate the taxes: Federal Income Taxes: Determine your tax bracket based on your total income, including the lump sum. Apply this percentage to the lump sum to estimate the federal tax. State Income Taxes: Similar to federal taxes, apply your states income tax rate to the lump sum. Lump-Sum Distribution Tax Calculator - The Annuity Expert The Annuity Expert how-do-you-cal The Annuity Expert how-do-you-cal

What is the tax on Section 4972?

26 U.S. Code 4972 - Tax on nondeductible contributions to qualified employer plans. In the case of any qualified employer plan, there is hereby imposed a tax equal to 10 percent of the nondeductible contributions under the plan (determined as of the close of the taxable year of the employer).

Form 4972 2017-2025

Here's how it works

How to rapidly redact Form 4972 2017 online

See more form 4972 2017 versions

Complete this form in 5 minutes or less

Got questions?

What is schedule 4972?

How to avoid US tax on pension lump-sum?

Who needs to file form 4972?

What triggers a lump-sum distribution?

How to avoid taxes on lump-sum pension payout?

People also ask

How to fill out form 4972?

How to figure tax on lump-sum distributions?

What is the tax on Section 4972?

Related links

Try more PDF tools

Form 4972 2017-2025

Here's how it works

How to rapidly redact Form 4972 2017 online

See more form 4972 2017 versions

Complete this form in 5 minutes or less

Got questions?

What is schedule 4972?

How to avoid US tax on pension lump-sum?

Who needs to file form 4972?

What triggers a lump-sum distribution?

How to avoid taxes on lump-sum pension payout?

Related Searches

People also ask

How to fill out form 4972?

How to figure tax on lump-sum distributions?

What is the tax on Section 4972?

Related links

Try more PDF tools