No. Just pre-selected periodic distributions are entitled to the tax deduction. Lump sum payment and non-periodic repayments are perhaps not qualified.
What kinds of distributions meet the criteria for the tax deduction?
Distributions which can be compensated for your requirements in regular re payments much more than one calendar are eligible for the income tax deduction year. To be eligible for the income tax deduction you need to choose “Periodic re Payments” in the Benefit Distribution form (PDF) when trying to get re payment; indicate that you would like at minimum two periodic re re payments, and choose a schedule which will include at the very least two different calendar years.Read More