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South Carolina Form 4972 Estate Tax

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Question
South Carolina Form 4972 Estate Tax

Answer

South Carolina provisions for lump sum distributions are the same as the federal provisions. If you used federal Form 4972 for a lump sum distribution, you must use the South Carolina SC4972 to compute the South Carolina tax. This separate tax on lump sum distributions is in addition to the regular tax computed on line 6.

NOTE: Do not enter the federal 10% penalty on line 7. 

 

 


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Views: 285 Created on: Jun 15, 2013
Date updated: Sep 28, 2015

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