- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I applied the update. TurboTax calculated the total RMD withdrawal correctly. When I did this before the update I got a form 5329 with a $300 penalty. After the update I did not get a penalty but received a form 5329t with no penalty. So I assume this is correct. Like I said in an earlier post the1040sr, and the 1099 worksheets show the correct amount for the required RMD.
So I am going to file and see what happens. Does anyone know if form 5329T is transmitted to the IRS ? I don't see it when I print the forms needed for filing if you did not e-file.
‎February 24, 2025
2:05 PM