@AliciaP1 I have a similar situation, but I am the non wage earning spouse, and it shows a 5329-S for me, but not for my husband. There is no penalty showing. I decided to contribute to an IRA now to save on our taxes due this year. We both started our first traditional IRA. Only mine generated a 5329 form.
My situation is that my mom passed in September. I took a lump sum distribution instead of rolling her IRA into one then. I wrote that part of that was an RMD (but maybe I am mistaken)? We took a distribution out separately that was her RMD for the year. Would that have affected this?
It also asked for the value of my traditional IRAs on Dec 31, 2021, (even if I am contributing to them now for 21). Previously I had said 0, but just changed it to $3000 which is what I am opening up an account with. Should it be 0?
