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Get your taxes done using TurboTax
For my 2018 Return, TurboTax doesn't even allow me to enter numbers onto the 5329 form. It's greyed out and doesn't respond to typing in numbers in the fields. However, if I change the code from 2 (early distribution - exception applies) to 1 (early distribution - no known exception), then my taxes go up in those real-time state and federal windows.
For 2019, in TurboTax, whether I enter numbers into form 5329 or not, the taxes due to federal and state are the same. The tally seems to be solely dependent on the distribution code (1 or 2).
March 7, 2020
9:38 PM