American College Exam HS330 Topic 1 Question 25 Discussion

Which of the following statements concerning the inclusion in a decedent-employee's gross estate of a lump-sum distribution from a qualified retirement plan to a beneficiary other than the employee's estate is (are) correct?

l. Lump-sum distributions of payments attributable to the employer's contributions are excluded from the gross estate.

II. Lump-sum distributions of payments attributable to the decedent-employee's contributions are excluded from the gross estate.