Form 5329 is prepared under Other Tax Situations, Extra Tax on Early Retirement Withdrawals. The form is generated automatically when you enter Form 1099-R to report a retirement distribution.
If you need to return to the Form 5329 information after completing the TurboTax interview, follow these directions to jump directly to the entry screen.
- Select Federal Taxes (Personal in the Self-Employed/Home and Business edition).
- Select Other Tax Situations.
- Scroll down the Other Tax Situations screen until you see the "Additional Tax Payments" group.
- Click Start/Update button next to the Extra Tax on Early Retirement Withdrawals topic.
- Follow the prompts.
You can also use the Search/Find box, type in "5329(sp) early distribution", and click on the "jump to..." link. If you have entered information for this form, the jump-to will take you directly to the beginning of this section.