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Form 5329 still required for Non Qualified Annuity distribution?
I am copying a previous reply. Why has this not been fixed since 2019? Do I just delete the Form before filing?
Okay- wont let me copy previous. Basically has to do with Form 5329 being generated when taking a distribution from a Non-Qualified annuity. Keeps putting total distribution amount on Line 2 as an "Incorrect early distribution -code L". Supposedly has been going on since 2013 with lots of queries in 2019. IS Turbo Tax populating this form in Error? Do I just delete the Form before filing? Somone who is dealing with this issue please respond with advice or how to resolve it, or confirm it has to be filed although no penalty or tax due.
Thanks in advance.
‎February 13, 2024
9:59 AM