If your 2020 tax retunr included 5329 with a penalty that was not supposed to be there.
You have to amend your 2020 tax return to remove the penalty.
Your "Total Tax" Line 11 will be reduced by the amount of penalty.
for best results , write an explanation in 1040-X Part III that is clearly understandable by the human reviewing your amendment. If more space is needed, attach another explanation sheet.
Include all changed or new forms or schedules.
May 17th is the last day to file an amended 2020 return for a refund.
If your penalty was erroneously applied again in 2021 you have to amend your 2021 tax return to remove the penalty.
Etc. Etc.
@Jamiers99
