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A lump-sum election allows a taxpayer to: Elect ten-year averaging on the lump-sum payment. O Evenly allocate the lump-sum benefit over the current year and
A lump-sum election allows a taxpayer to: Elect ten-year averaging on the lump-sum payment. O Evenly allocate the lump-sum benefit over the current year and the prior years. O Include the social security benefits received for prior years in current-year benefits. O Treat a lump-sum social security benefit as if the benefits for prior years had been received in tho U Mark for follow up
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