KS online Form 4972 2024-2025

KS online Form 4972: What You Should Know

Enter 0% if you are subject to the Kansas alternative minimum tax (AMT) or an extra tax if you receive another qualified or non-qualified lump sum. The 10% of the Kansas income taxes due on a distribution (adjusted basis) is subject to AMT if the distribution is in addition to any other income to which you are otherwise subject. If the 10% of the Kansas income taxes due on your distribution is less than all of your other income (e.g., all of your non-qualified income minus all of your qualified income), you are subject to the AMT. See above for information on exempt distributions. If you receive a non-qualified lump sum distribution in 2018, you are subject to the Kansas tax on the distribution if you have 300,000 or more of income in 2018. If you have less than 300,000 of income, the 15,000 minimum tax applies (for more information see the summary of Kansas income tax in our Summary of Kansas Income Tax in this publication). Use tax form 4684-V, and a valid social security number. If you are a nonresident alien, file a Form 4029 with your federal income tax return. Use Form 4684-V to report all earnings and dividends on your non-qualified distributions. Additional Information If you have questions about the federal tax on lump sum distributions, or Kansas income tax on a nonqualified distribution, contact the IRS at.

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