Get Form 4972 K Instructions

Filling out the Form 4972 K is essential for reporting lump-sum distributions from qualified retirement plans in Kentucky. This guide provides step-by-step instructions to assist users in completing the form accurately and efficiently online.

Follow the steps to complete the Form 4972 K online.

1. Use the ‘Get Form’ button to obtain the form and open it in your browser for editing.
2. Enter the name of the recipient of the distribution in the designated field at the top of the form. Ensure that the information is accurate.
3. In Part I, check the box indicating whether you are filing federal Form 4972. If the answer is 'yes,' proceed to the next section. If 'no,' do not continue with this form.
4. Complete Part II by entering amounts as instructed. First, input the amount from Schedule P, line 3. Then, perform the necessary calculations as outlined in the form and record the results.
5. If applicable, complete Part III regarding the federal capital gain election, following the instructions closely to ensure accuracy in calculations.
6. Proceed to Parts IV and V or VI depending on the averaging method chosen. Carefully enter values from Form 1099-R into the respective fields, and complete calculations as directed.
7. Verify all entries and calculations, ensuring that totals from various parts are correctly transcribed.
8. Once all sections are complete, save your changes. You can download, print, or share the completed form as needed.

Start filling out your Form 4972 K online today for a streamlined submission process.