What is the form used for? :
- Use this form to figure the tax on a qualified lump-sum distribution using the 20% capital gain election, the 10-year tax option, or both.
Is the form Supported in our program? Yes
How to access the form: To access the form you will need to open a 1040/1041 return on the desktop and then go to Add Form/Display then in the look for box type 4972.
Limits to the form: The 1041 variant of this form can only be accessed from the desktop software. This form cannot be copied.
IRS Publication: https://www.irs.gov/forms-pubs/about-form-4972