SamS1
Expert Alumni

Retirement tax questions

You can try deleting the form in TurboTax then see if it clears.  TurboTax is looking for an RMD and is not seeing it.  Not seeing the RMD, TurboTax is trying to compute the RMD penalty on the 5329.   While in your return in TurboTax:

 

  • In the left hand column select "Tax Tools"
  • Select "Tools"
  • Select "Delete a form"
  • Review forms listing for "5329""
  • Delete selected form then "Back"
  • Run your Federal review again.
  • Print your return and review amounts.

If that does not work, then you may need to delete any 1099R that populated in 2020 from 2019.