BillM223
Expert Alumni

Get your taxes done using TurboTax

Is it possible that you are either filing married separate or you added your spouse after to add this 1099-R? I don't understand why you got only a 5329 and not a 5329-T.

 

Also, what is Line L? There is no line L on the 5329.

 

The exception code of 12 is for "Distributions incorrectly indicated as early distributions by code 1, J, or S in box 7 of Form 1099-R. Include on line 2 the amount you received when you were age 59 1/2 or older".

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