I need to add in form 5329Its not letting me do so

Forum|Forum|6 years ago
January 30, 2020
5 replies
29 views

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TurboTax Self Employed Online

JohnB5677

Level 15

FORM 5329 is for calculating Additional Tax on Qualified Plans. This form will be automatically generated within TurboTax.

If you received a 1099-R that is categorized as an Early Distribution the form will appear. There is no need to add it.

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income4610Author

Level 2

I have an inherited IRA and I didn’t take the deduction in time so they said I had to file a 5329 and write a letter w it to the IRS so they don’t fine me.

MaryK4

Level 15

Is this for a Required Minimum Distribution? With TurboTax you unfortunately cannot attach an explanation, but you can Print the 5329 an mail it separate from the rest of your return. See Waiver of tax for reasonable cause.

@income4610

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