I did use the Turbo tax 2019, but it posted a prepaid tax amount paid with extension that couldn't be corrected on my state tax. So I ended up having to file by paper for corrections. Do not want to attempt to use it to correct these issues when it was impossible to remove that unexplained tax payment. It messed up my entire return.
I did receive two 5498 in August 2020 from Edward Jones but didn't know what to do with them?
Which year and which Form 1040 or 1040X and 5329 will I use to amend 2019? 2019 or 2020 forms?
Do I put both of our figures separately or combined, since only 10% applies to half? Or do I have to file two separate 1040X's and 5329's?
I read 5329 instructions but I still can't figure out which part on that form applies to me? It repeats the same thing in section I and IV, so which section applies to each of us with the age difference and the 10% penalty only for my husband? We didn't have a form 5329 for 2019 at all so that didn't help to clarify which sections applies.
Do we owe additional tax on the 2a taxable amount plus his 10%, or does he pay only the 10% on box 2a taxable amount? I can't really read the correct instructions until I know what year the form 5329 and 1040x will be from? 2019 or 2020?
This is super complicated with the age difference. What tax will I be paying for my box 2a amount?
His will be a tax plus the 10% penalty and do both these amounts go on 1040 and 5329? Please be specific per form year and line numbers?
How would I file this amendment on my 2019 turbo tax when the State had to correct that incorrect pre-tax extension payment that wasn't paid which still appears on my turbo tax copy?
Will I need to file same for state of Hawaii? I don't believe they tax pensions but IRA's, not sure?
Thanks so much.
