gvrp
Level 2

Retirement tax questions

Thank you for the detailed step by step instructions. Helped me navigate through the section.

The instructions of form 5329 on the IRS website show that corrective distributions made after 29 December 2022 and before the tax deadline are not subject to 10% penalty. 

So, regarding step 12 of your instructions, in Turbotax, I selected "corrective distributions made after 29Dec22".

Thank you so much.