macuser_22
Level 15
Level 15

Get your taxes done using TurboTax

The form you posted - line 50 and 51 are for ABLE (Achieving a Better Life Experience (ABLE) Act of 2014) accounts and have nothing to do with an IRA.

 

Delete the 1099-R and 5329.     The inherited IRA  shoukd not generate any 5329 form entered this way:

[NITE:  It is the 2nd RMD question before the 1040 form I posted that produces the 5329 if the RMD question is not answered the way I showed]

 

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Screen Shot 2021-03-12 at 12.45.57 PM.jpg

 

 

 

 

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎March 12, 2021 12:52 PM
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