Use Tax Form 4972: Tax on Lump-Sum Distributions as a stand alone tax form calculator to quickly calculate specific amounts for your 2023 tax return. Form 4972: Tax on Lump-Sum Distributions is also integrated into our comprehensive US Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.
Tax on Lump-Sum Distributions
Part I. Complete this part to see if you can use Form 4972
1
Yes
No
1
2
2
3
3
4
4
5a
5a
b
5b
Part II. Complete this part to choose the 20% capital gain election (see instructions)
6
6
7
7
If you also choose to use Part III, go to line 8. Otherwise, include the amount from line 7 in the total on Form 1040, line 44; Form 1040NR, line 42; or Form 1041, Schedule G, line 1b.
Part III. Complete this part to choose the 10-year tax option (see instructions)
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
18
18
19
19
20
20
21
21
22
22
23
23
24
24
25
25
26
26
27
27
28
28
29
29
30
30
Tip: use the US Tax Calculator to edit your refundable and non-refundable tax credits including Form 4972: Tax on Lump-Sum Distributions. Complete, Calculate, print and or save your tax calculation for later use.