Form 4972

Form 4972

A form that one files with the IRS to calculate and pay the tax owed on lump-sum distributions from qualified retirement plans. Filing this form may result in paying lower taxes on the distribution than one would if it were taxed as ordinary income.
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The taxpayer makes the election by attaching a statement to the tax return and by including the net unrealized appreciation on the tax return, either as part of a distribution reported on Form 4972, Tax on Lump-Sum Distributions From Qualified Retirement Plans, or on the appropriate line of Form 1040 (line 44 for 2009 returns).