Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Income — Retirement Income Workout

Other Retirement Income Issues

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.

More Information

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

Check made out to Franklin T. Cooper for $50,000 from Elbert Mfg. Co.