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Get 2001 Form 4972 (fill-in Version). Tax On Lump-sum Distributions
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How to fill out the 2001 Form 4972 (Fill-in Version). Tax On Lump-Sum Distributions online
This guide provides clear, step-by-step instructions for completing the 2001 Form 4972 for tax on lump-sum distributions. Whether you have experience with tax forms or are a first-time filer, this resource is designed to support you in navigating the process with confidence.
Follow the steps to fill out the Form 4972 accurately and efficiently.
- Press the ‘Get Form’ button to obtain the form and open it in your preferred online editor.
- At the top of the form, enter the name of the recipient of the distribution and the recipient's identifying number.
- Complete Part I to determine your eligibility to use Form 4972. Answer 'Yes' or 'No' to the questions provided. If you answer 'No' to any critical question, do not use this form.
- If eligible, proceed to Part II. Enter the capital gain part from Form 1099-R, box 3 in line 6, and calculate 20% of that amount on line 7.
- In Part III, enter the ordinary income from Form 1099-R, box 2a minus box 3. Complete corresponding lines as needed.
- Finish each section of the form by following the instructions for calculations of taxable amounts if applicable.
- After reviewing the completed form for accuracy, you can choose to save your changes, download the completed form, print it, or share it as necessary.
Complete your tax forms online today and ensure accurate filing.
If you and your spouse are filing a joint return and each has received a lump-sum distribution, complete and file a separate Form 4972 for each spouse, combine the tax, and include the combined tax in the total on Form 1040 or 1040-SR, line 16. Be sure to check box 2 on Form 1040 or 1040-SR, line 16.
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