2022 IRS Form 5328

Forum|Forum|2 years ago
November 18, 2023
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How can I submit 2022 IRS form 5329 plus penalty waiver request? Electronically?

Anonymous_

Level 15

See https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-form-5329-additional-taxes-on-qualified-retirement-plans/L0h3GNqRy

DoninGA

Level 15

An IRS Form 5329 should be filed with the tax return. A 2022 tax return or a 2022 amended tax return can only be printed and mailed, it cannot be e-filed using TurboTax.

If you don’t have to file a 2022 income tax return, complete and file Form 5329 by itself at the time and place you would be required to file Form 1040, 1040-SR, or 1040-NR. If you file Form 5329 by itself, then it can’t be filed electronically.

fanfare

Level 15

The proper way to file Form 5329 is attached to Form 1040-X.
Form 5329 can be mailed by itself only when you are otherwise not required to file a tax return.

After you e-File,
get Form 1040-X from IRS website and mail it in with your 5329 which you can also get in editable PDF.
Note: When you are not changing any dollar amounts on your amended tax return, you can leave all the 1040-x lines 1-23 EMPTY.

Enter -0- on the appropriate 5329 penalty line. don't leave those blank

Part III explanation: will explain to the IRS why you missed the RMD, what action you took that they should waive your penalty. This is required if you request a waiver.

You will have to mail it since e--File is now closed.

@Wint3rop52