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Retirement tax questions
"I also spoke with the IRS and they indicated that should I not be able to get Turbo Tax to eliminate the penalty"
It seems that the IRS individual you spoke to was unfamiliar with Form 5329. This exception to the penalty is claimed on line 2 of Form 5329 using code 02, something that TurboTax is quite capable of doing by making the entry as I described.
‎December 8, 2024
6:23 PM