Averaging

Description and Definition of Averaging

If you receive a lump-sum distribution from a pension plan you can elect either five year or ten year averaging on Form 4972 if you were born before 1936 or are 591/2 or over provided you participated in the plan for at least five years.

Resources

See Also

Further Reading

• Averaging in the West's Tax Law Dictionary
• Averaging in “A Dictionary of Taxation”