KeshaH
Expert Alumni

Get your taxes done using TurboTax

Form 5329 is used to calculate any tax you might owe on distributions from retirement accounts. For example, if you took money from a retirement account before reaching 59 1/2 years old or didn't take the required minimum distribution at the appropriate age. If you have to pay any of these taxes in 2024, this form has to be attached to your return.