7821203
Schedule G-1 2020
TAXABLE YEAR
2020
Tax on Lump-Sum Distributions
CALIFORNIA SCHEDULE
G-1
Attach to Form 540, Form 540NR, or Form 541. Use this form only for lump-sum distributions from qualied plans.
Name(s) as shown on tax return SSN, ITIN, or FEIN
Part I Complete this part to see if you can use Schedule G-1.
Yes No
1 Was this a distribution of a plan participant’s entire balance from all of an employer’s qualified plans
of one kind (pension, profit-sharing, or stock bonus)? If “No,” do not use this form 1
2 Did you roll over any part of the distribution? If “Yes,” do not use this form
2
3 Was this distribution paid to you as a beneficiary of a plan participant who was born before January 2, 1936?
3
4 Were you (a) a plan participant who received this distribution, (b) born before January 2, 1936, and (c) a participant
in the plan for at least 5 years before the year of distribution?
If you answered “No” to both questions 3 and 4, do not use this form.
4
5 Did you use Schedule G-1 in a prior year for any distribution received after 1986 for the same plan
participant, including yourself, for whom the 2020 distribution was made? If “Yes,” do not use this form
5
Part II Complete this part to choose the 5.5% capital gain election. See instructions.
6 Capital gain from federal Form 1099-R, box 3. If you are taking the death benefit exclusion, see instructions 6
7 Multiply line 6 by 5.5% (.055) and enter here. If you elect to use Part III, go to line 8. Otherwise, enter the
amount from line 7 on Form 540, line 34; Form 540NR, line 41; or Form 541, line 21b
7
Part III Complete this part to choose the 10-year averaging method. See instructions.
8 If you completed Part II, enter the amount from federal Form 1099-R, box 2a minus box 3. If you
did not complete Part II, enter the amount from federal Form 1099-R, box 2a. See instructions 8
9 Death benefit exclusion for a beneficiary of a plan participant who died before August 21, 1996. See instructions 9
10 Total taxable amount. Subtract line 9 from line 8 10
11 Current actuarial value of annuity, if applicable, from federal Form 1099-R, box 8. See instructions 11
12 Adjusted total taxable amount. Add line 10 and line 11. If this amount is $70,000 or more, skip line 13
through line 16, and enter this amount on line 17 12
13 Multiply line 12 by 50% (.50), but do not enter more than $10,000 13
14 Subtract $20,000 from line 12 and enter the difference.
If the result is zero or less, enter 0
14
- -
15 Multiply line 14 by 20% (.20) 15
16 Minimum distribution allowance. Subtract line 15 from line 13
16
17 Subtract line 16 from line 12 17
18 Multiply line 17 by 10% (.10) 18
19 Tax on amount on line 18. Use the Tax Rate Schedule on page 2 of the instructions 19
20 Multiply line 19 by ten (10). If line 11 is blank, skip line 21 through line 26 and enter this amount
on line 27. Other
wise, continue to line 21 20
21 Divide line 11 by line 12 (rounded to at least three places). See instructions
21
22 Multiply line 16 by the decimal amount on line 21 22
23 Subtract line 22 from line 11 23
24 Multiply line 23 by 10% (.10) 24
25 Tax on amount on line 24. Use the Tax Rate Schedule on page 2 of the instructions 25
26 Multiply line 25 by ten (10) 26
27 Subtract line 26 from line 20 27
28 Tax on lump-sum distribution. Add Part II, line 7 and Part III, line 27. Enter here and on Form 540,
line 34; Form 540NR, line 41; or Form 541, line 21b. Multiple recipients, see instructions 28
For Privacy Notice, get FTB 1131 ENG/SP.
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