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Social security lump-sum election allows a taxpayer to: A - Treat a lump-sum social security...

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Question

Accounting

Social security lump-sum election allows a taxpayer to:

A - Treat a lump-sum social security benefits received for prior years had been received in those years

B - Include the social security benefit received for prior years in current-year benefits.

C - Elect ten-year averaging on the lump-sum payment

D - Evenly allocate the lump-sum benefit over the current year and over the current year and the prior years

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