dmertz
Level 15

Retirement tax questions

1.  Yes, the distribution was within the correction window.

https://www.irs.gov/instructions/i5329#en_US_2024_publink1000130544

 

2.  Yes, TurboTax will place this amount on line 52a when you indicate that the distribution was made within the correction window.

 

3.  Correct, line 52b will be zero.

 

TurboTax will allow you to request a waiver of the 10% excess accumulation penalty for reasonable cause.  If  you do so, next to line 54a you'll have "RC" and the late-taken amount, and lines 54a and 55 will have $0.

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