which of the following statements is correct with respect to the aggregation rul
ID: 2597815 • Letter: W
Question
which of the following statements is correct with respect to the aggregation rules? a. a trust described in IRC Section 401(a) is not subject to the first aggregation rule b. all stock bonus plans and profit-sharing plans of one employer are treated as a single plan under the first aggregation rule c. if an employee receives a lump-sum distribution from each of two employers during the year, on LSD can use TYA and the other can be reported as ordinary income on page 1 of Form 1040 d. the first aggregation rule is used to determine whether a distribution qualifies for LSD treatment
Explanation / Answer
The following statement is correct with respect to the aggregation rules is:-
B) all stock bonus plans and profit sharing plans of one employer are treated as a single plan under the first aggregation rule.
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