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From federal Form 4972, Lines 6 and 8 Add Lines 6 and 8 and enter here. ... 6 Long-term care insurance premiums paid in 2010, $500 annual limit per person.
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What is from federal form 4972?
Federal Form 4972 is used to report the tax on lump-sum distributions from qualified retirement plans.
Who is required to file from federal form 4972?
Individuals who receive a lump-sum distribution from a qualified retirement plan are required to file Federal Form 4972.
How to fill out from federal form 4972?
To fill out Federal Form 4972, you will need to report the amount of the lump-sum distribution, calculate the tax using the appropriate rates, and include the tax amount on your individual tax return.
What is the purpose of from federal form 4972?
The purpose of Federal Form 4972 is to calculate and report the tax on lump-sum distributions from qualified retirement plans.
What information must be reported on from federal form 4972?
The information that must be reported on Federal Form 4972 includes the total amount of the lump-sum distribution, any capital gain portion, and the tax calculation based on the taxpayer's income.
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