hi @ThomasM125, this thing keeps rearing its head. Curious if you can advise...
I got through everything in this year's TT and hit a snag at the Smart Check. The software noted that for Form 5329-S, line 9 shows 0 (excess contributions from line 16 of 2023 Form 5329). As such, line 12 (2024 distributions for prior year excess contributions) for this year should be blank. However, that line was filled out with 500.
For what it's worth, the 1099-R's we received:
- one with 500 in box 1, 26.51 in box 2a, 0.00 in box 4, P in box 7, IRA/SEP/SIMPLE checked
- another with 26.51 in box 1, 0.00 in box 2a, 2.65 in box 4, 8 in box 7, IRA/SEP/SIMPLE checked.
I logged both when prompted.
Any ideas?
