I know Form 5329 is the tax form used to calculate possibly IRS penalties and possibly request a penalty waiver.
You may need this form in three situations:
- Early distributions from a tax-favored account
- Excess contributions to a tax-favored account
- Failing to take required minimum distributions.
None of the above situations applies to my case. How can I indicate this when filing on Turbotax so that I don't have to upgrade to Deluxe?
