dmertz
Level 15

Get your taxes done using TurboTax

"Do I have to submit a separate completed line 52 (MRD amount) and line 53 (0 amount ) form 5329?"

 

Only one Form 5329 regarding this late-taken MRD is to be included in your tax return.  The Form 5329 prepared by TurboTax and included in your tax return will already have lines 52 and 53 showing the amounts you indicated.  You should always print and review your tax return before filing and you should see this Form 5329 present.

 

The distribution itself is 2023 income reportable on your 2023 tax return along with your 2023 MRD.  Unless you take these distributions from different accounts, expect to receive only one Form 1099-R that combines these two distributions.