Question 25)The social security lump-sum election means the taxpayer elects: ATo

Question

Question 25)The social security lump-sum election means the taxpayer elects:

ATo treat the lump-sum social security benefit as if the benefits for prior years had been received in those years by amending the prior-year returns.

B)To treat the lump-sum social security benefit as if the benefits had been evenly allocated among the reported years.

C)To treat the lump-sum social security benefit as if the benefits for prior years had been received in those years.

D)To treat the lump-sum social security benefit as if the benefits for prior years were received in the current year.

Explanation / Answer

Answer :- Option B). To treat the lump-sum social security benefit as if the benefits had been evenly allocated among the reported years.

Conclusion :- Option B).

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