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Get your taxes done using TurboTax
Thank you.
Could you please elaborate on the statement, "All you need to do is enter your Roth IRA contribution and TurboTax will create Form 5329 to calculate the penalty."
Where do I enter my ROTH IRA contribution so that it automatically generates the Form 5329? I have opened my 2020 tax return in Turbotax Amend software but don't see any relevant section except IRA distributions. Or do I manually create a Form 5329?
Edit: I think this is due to that it will not let me amend 2020 taxes using the Online software, therefore I had to use the software download. It will only let me amend 2021 taxes using the Online software.
DK
‎February 25, 2023
10:05 AM