@brookeb2 wrote:
Thank you for the response.
It seems like TT should update its software to allow for this information to be included electronically.
I don't prefer the idea of having to print out the return and write this statement, etc.
TT has all the information (Child DOB, TIN, etc.) in its system already.
Hopefully, this gets fixed/updated.
If I have to write a statement, where are the instructions for exactly what is needed?
Thank you!
As stated on the IRS Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts instructions page 4 - https://www.irs.gov/pub/irs-pdf/i5329.pdf#page=4
Qualified birth or adoption distributions.
Attach a statement that provides the name, age, and TIN of the child or eligible adoptee.
