Can this deduction is claimed speedyloan.net/installment-loans-ca/ by me for almost any distribution we get through the Arrange? No. Only pre-selected distributions that are periodic entitled to the income tax deduction. Lump sum and payments that are non-periodic maybe maybe not qualified. What kinds of distributions meet the criteria for the income tax deduction? Distributions which are paid to you personally in regular re payments much more than one calendar 12 months meet the criteria for the tax deduction.