|
10 year averaging, Federal income tax
Q. Can you give general rules for when 10 year averaging of a lump-sum retirement distribution is advantageous? For example, when other income is small (say $20K) and the lump-sum is large (say $500k), or when other income is large (say $100K) and the lump-sum is smaller (say $50k). I tried to use TurboTax to do "what-ifs", but for some unknown reason I can not get it to transfer information from Form 1099-R to Form 4972.
A. -First I have to ask, are you actually eligible to use 10 year averaging? Did you fully read the instructions for form 4972? Assuming you are, then the next problem is why Turbo Tax isn't allowing the information from the 1099-R to the 4972. T
Ask Edwards a Finance Question
Other Questions:
Help! Which is best BANKRUPTCY form book?
I wish to shift my Houston practice to Bankruptcy cases. Any advice for a good, inexpensive, form book or computer program? Which texts or guides are must have? Any advice would be greatly appreciated.There is some stuff in the Compuserve LAWSI...
Bankruptcy Law ChangesCould the 'Bankruptcy Law' changes have more to do with the decline in the averages than is commonly discussed?I doubt it, Bruno, although perfectly willing to listen to your explanation of the mechanism by which you think such a result coul...
I have been googling for an hour and find the canadian and various state tax rates, but not the federal. Can someone help me out here? (2004)I have been googling for an hour and find the canadian and various state tax rates, but not the federal. Can someone help me out here? (2004)-Sub S Corporations are "pass through" entities, and the income is taxed at the shareholders individ...
Chapter 13 Bankruptcy and Inheritance.Under the chapter 13 provisions, does the court have the right to claim his inheritance? And, If he were to deposit his inheritance and not touch it without notifying the court, would he be in violation of any law and subject to arrest/fine...
Help Regarding Bankruptcy(I am currently relocating to the State of Ohio from Michigan.)am currently relocating to the State of Ohio from Michigan. I am in debt and am looking to bankruptcy. The Job I held in Michigan came to an end and I don't have a replacement job as of yet. Since, I am still looking for work, and I have mov...
Ask a Question
About Us / Me
Contact Me
Privacy Policy
PFBlog
Google Finance
Yahoo Finance
Motley Fool
Nveille's Financial Blog
AllFinanceMatters
Free Money Finance
2MillionBlog
The Terror Finance blog
Income Tax
Credit Report
Payday Loan
General Engineering
Capital Gains
Foreclosure
Computer Engineering