Lump-Sum Distributions

A lump-sum distribution is the distribution, within a single tax year, of an employee's entire balance from all in a qualified pension, stock bonus or profit-sharing plan that the employer maintains.

Distributions from IRAs or tax-sheltered annuities do not qualify as lump-sum distributions.

Lump-sum distributions do not include certain deductible voluntary employee contributions and certain amounts forfeited or subject to forfeiture.