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Self employed
Does IRS Form 5329 contain data or is it a blank form? If the form contains data, the data may not be allowing you to delete the form.
You may have to remove the entry on IRS Form 5329, delete the form (if it is still there), then reinstate the IRS Form 5329 entry.
For instance, if a 1099-R entry with code '1' in box 7 generates a 10% penalty on line 3 of the IRS Form 5329, delete the 1099-R to remove the IRS Form 5329 entry.
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‎April 5, 2022
7:51 AM