@goyal_raj wrote:
Thanks for your reply.
How do i generate the 5329 from Turbo tax then?
If i do it manually should i just enter 5.09 in line 1 on the 5329? and then calculate the .51 penalty?
No. You enter the 1099-R and TurboTax will create the 5329. The penalty will be $1.00 because all numbers are rounded to the nearest dollar.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
