This is archived information that pertains only to the 2001 Tax Year. If you are looking for information for the current tax year, go to the Tax Prep Help Area.
5-year tax option repealed.
The 5-year tax option for figuring the tax on lump-sum distributions from a qualified retirement plan has been repealed. However, a plan
participant can continue to choose the 10-year tax option or capital gain treatment for a lump-sum distribution that qualifies for the special
treatment.
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