What is averaging year meaning definition
Define 10-Year Averaging facts. Notion of determine the tax on a qualified lump-sum distribution.

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10-Year Averaging Definition

What 10-YEAR AVERAGING means: This is a special method available to determine the tax on a qualified lump-sum distribution for any taxpayer who was born before 1936 and meets the other requirements. The tax computed using 10-year averaging is done on Form 4972.

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