- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I was told I need to file IRS Form 5329 for IRA distribution to tell IRS it is not taxable (first time home purchase). I can't find how in Turbotax--it is necessary?
TT asked me the reason of the distribution. I recorded it in the right box (first time home purchase) and TT automatically responded it was not taxable (yay), but later on it summed this in a taxable column, so I'm not sure if it thinks it is taxable or not. Previous posts say to do a search for form 5329 and submit it via TT, but this option is not showing when I search. Another post alluded that I need to upgrade products. What am I missing?
Topics:
‎February 11, 2023
2:19 PM