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Retirement tax questions
Look on Schedule 2 line 8. If it says "No" next to the amount then there is a penalty but the 5329 form itself is not required.
See the 1040 instructions page 98 for the exception to having a 5329.
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
**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.**
‎February 13, 2022
9:31 PM