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Get your taxes done using TurboTax
1. Correct.
2. That box on for penalty exceptions should be labeled, "Earnings on corrective distributions made on or after December 29, 2022," so your Form 5329 is now correct. This is one of many examples of TurboTax developers' sometimes misguided attempts to simplify IRS wording and the meaning getting lost.
‎October 16, 2023
4:19 AM