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Get the free 2012 Form 4972. Tax on Lump-Sum Distributions

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May 25, 2018 ... Information about Form 4972, Tax on Lump-Sum Distributions, including recent updates, related forms and instructions on how to file.
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How to fill out 2012 form 4972 tax

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How to fill out 2012 form 4972 tax

01
Find and download the 2012 form 4972 tax from the official IRS website.
02
Read the instructions provided with the form to understand the requirements and guidelines.
03
Gather all the necessary documents and information related to your investments and capital gains for the tax year 2012.
04
Fill out the personal information section of the form, including your name, address, and social security number.
05
Enter the details of each investment transaction in the designated sections of the form, including the type of investment, purchase/sale date, cost basis, and sale proceeds.
06
Compute the different tax calculations required by the form, such as the net capital gain or loss, the unrecaptured section 1250 gain, and the alternative minimum tax (AMT) if applicable.
07
Follow the instructions to determine the taxable amount and enter it in the appropriate section of the form.
08
Complete any additional sections or schedules specified by the instructions, if necessary.
09
Double-check all the information you have entered and make sure it is accurate and complete.
10
Sign and date the form, and attach any supporting documents as instructed.
11
Send the completed form and any required attachments to the IRS by the deadline specified for the tax year 2012.

Who needs 2012 form 4972 tax?

01
Individuals who had investment transactions in the tax year 2012 may need to fill out the 2012 form 4972 tax.
02
Taxpayers who incurred capital gains or losses from the sale or exchange of certain investments, such as real estate or stocks, may be required to report those transactions using this form.
03
People who received distributions from a retirement plan or annuity in the tax year 2012 may also need to complete form 4972 to determine the taxable portion of those distributions.
04
It is recommended to consult with a tax professional or refer to the IRS guidelines to determine whether you specifically need to fill out the 2012 form 4972 tax based on your financial situation.
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Form 4972 is a tax on distributions from qualified retirement plans and insurance contracts.
Individuals who receive distributions from qualified retirement plans or insurance contracts are required to file form 4972.
To fill out form 4972, individuals need to report the total amount of distribution received and calculate the taxable amount using the applicable formulas.
The purpose of form 4972 is to calculate the tax owed on distributions from qualified retirement plans and insurance contracts.
Information such as the total distribution received, taxable amount calculation, and any applicable tax owed must be reported on form 4972.
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