In TurboTax, you do not typically "open" Form 5329 manually. Instead, the software generates it automatically based on your answers to specific interview questions regarding retirement distributions or excess contributions. To get Form 5329 to appear in your return, use one of the following methods depending on your situation: 1. If You Have a 1099-R (Early Withdrawal/Earnings) If you are reporting a 10% penalty (or an exception to it) from a withdrawal: Go to Federal > Wages & Income. Find Retirement Plans and Social Security and select Start/Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R). Enter your 1099-R data exactly. Continue through the follow-up screens until you reach "Let's see if we can reduce your early withdrawal penalty". This interview section is what triggers Form 5329. 2. If You Have Excess ContributionsIf you are filing because you contributed too much to your Roth IRA: Go to Federal > Deductions & Credits. Scroll down to Retirement and Investments and select Start/Revisit next to Traditional and Roth IRA Contributions. Enter your contribution details. If your contributions exceed the limit, TurboTax will ask about your excess and automatically generate Form 5329 to calculate the 6% penalty.

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kad2024

Level 1

Question

I need to fill out form 5329 but TurboTax isn't showing me how to do that. Can anyone help me figure out how to get that from into my return\n?

Forum|Forum|2 months ago
April 13, 2026
1 reply
16 views

No text available

TurboTax Online

MaryK4

Level 15

In TurboTax, you do not typically "open" Form 5329 manually. Instead, the software generates it automatically based on your answers to specific interview questions regarding retirement distributions or excess contributions.

To get Form 5329 to appear in your return, use one of the following methods depending on your situation:

1. If You Have a 1099-R (Early Withdrawal/Earnings)

If you are reporting a 10% penalty (or an exception to it) from a withdrawal:

Go to Federal > Wages & Income.
Find Retirement Plans and Social Security and select Start/Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).
Enter your 1099-R data exactly.
Continue through the follow-up screens until you reach "Let's see if we can reduce your early withdrawal penalty". This interview section is what triggers Form 5329.

2. If You Have Excess Contributions

If you are filing because you contributed too much to your Roth IRA:

Go to Federal > Deductions & Credits.
Scroll down to Retirement and Investments and select Start/Revisit next to Traditional and Roth IRA Contributions.
Enter your contribution details. If your contributions exceed the limit, TurboTax will ask about your excess and automatically generate Form 5329 to calculate the 6% penalty.

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