Thanks but just to be clear ... that means I wouldn't need a 5329 at all?.
Does the same rule apply to if box 7 has a code 1 ? This code is correct as a oenalty will have to be paid and my understanding is a 5329 won't be required for this type however the amount would have to appear in a particular section so that the penalty would be properly calculated.
It's difficult to follow 1040 instruction when you are using e -file anywhere and forms dont specify parts 1, 2 etc.
Thanks for the help!
