JohnB5677
Expert Alumni

Self employed

TurboTax will automatically generates the 5329 if its discovers that you owe extra tax on a variety of situations, such as excess contributions to an HSA, early distributions from a retirement plan, failure to distribute Required Minimum Distributions, and so on.

The Form 5329 is filled out and submitted by the taxpayer with the annual Form 1040.

What is Form 5329: Additional Taxes on Qualified Retirement Plans?

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