Mesa Arizona Form 4972 2024-2025

Mesa Arizona Form 4972: What You Should Know

New Revision. Form 4972 – 2025 (20% Capital Gain Election) Use this form to figure the tax on a qualified lump-sum distribution (defined below) you received in 2025 using the 20% capital gain election, the 10-year tax  option, or both. Aug 18, 2025 — Mesa AZ 85211 — (9-17-2018) Use this form to figure the tax on a qualified lump-sum distribution. Current Revision. Form 4972 Form 2113 (Form 4972 for a U.S. Individual) Use Form 2113 to figure the tax on a qualified lump-sum distribution. Current Revision. Form 4 Tax on Lump-Sum Distributions — IRS Use this form to figure the tax on a qualified lump-sum distribution you took in  2021 using the 20% capital gains election, the 10-year tax option, or both. Current Review. Use this form to figure the tax on a qualified lump-sum distribution (defined below) you received in  2021 using the 20% capital gains election, the 10-year tax  option, or both. Use Form 4972 – 2025 (20% Capital Gain Election) to figure the tax on a qualified lump-sum distribution taken in 2022, 2023, etc. Tax on lump-sum distributions. Use Form 4972 to calculate the tax on a qualified lump-sum distribution. The IRS may require an additional form, Form 2113, to determine that the distribution was a qualified lump-sum distribution. Qualified lump-sum distributions are distributions under a retirement plan (the distribution is to a recipient or beneficiaries who are related, as defined by the plan) that are not intended to generate income. In general, a qualified lump-sum distribution in any calendar year is subject to tax at a rate of 15% except that, with proper documentation, the rate can be determined to be less than 15%. The tax is imposed on the person or persons who receive the distribution within 3 years of the date that the distribution is made, and the tax is payable on the taxable part of the distribution. Example 1: You receive two distributions during the year (your qualified lump-sum distributions on June 30 and December 31) at the same time. You need an additional form to calculate the tax on each qualified lump-sum distribution.

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