Why am I being asked to file form 5329 for dividends I received from my retirement savings plan in 2023? The 5329 instructions state that you can add the amount to line 8 of your 1040 return in lieu of filing form 5329. It looks to me like I have to pay a penalty even though I am well over 59-1/2. I went back to my 2022 TurboTax return and had entered the same information on that return, but the 5329 was never mentioned. I am somewhat confused as to whether I am being penalized or not. Does anyone have any information on the subject?
