Retirement tax questions

The 5329 form would only be necessary if box 2a reported taxable earnings and you are under age 59 1/2, the the returned earnings are not only subject to ordinary tax but an additional 10% early distribution penalty for being under age 59 1/2.   That should be automatically produced.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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