Question: a 4 1 2 ( e ) ( 3 ) plan's assets are distributed to a retiree as a lump sum the cash surrender value

a 412(e)(3) plan's assets are distributed to a retiree as a lump sum the cash surrender value of the annuities in the contract are $120,000. the cash surrender value of the life insurance in the contract is $100,000. the table 2001 costs included in the retiree's income totaled $15,000. how much of the distribution is taxable if he does not roll it over?

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