What if I did not need to file a 5329 for 2018

Forum|Forum|6 years ago
February 2, 2020
2 replies
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TurboTax Deluxe Online

Best answer by DianeC958

You need to amend your 2018 tax return if you were charged a penalty for an early withdrawal from a retirement account that was incorrect.

If the form is part of your return and is blank you do not need to amend your return.

More information about form 5329

How to amend your prior year's tax returns using TurboTax

DianeC958Answer

Level 12

You need to amend your 2018 tax return if you were charged a penalty for an early withdrawal from a retirement account that was incorrect.

If the form is part of your return and is blank you do not need to amend your return.

More information about form 5329

How to amend your prior year's tax returns using TurboTax

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faith0301Author

Level 2

Terri was excellent! I mistook my 401k as an IRA in 2018 - had to ammend the 5329 - it took quite awhile but we got it done! I appreciate her patience- she was wonderful - could not have done it without her - she had to get help from someone too - but we fixed it, In the end - this was the first time I did my own taxes and now I understand the difference between a 401k and an IRA - a mistake - I will never do again!

So, kudo's to terri- you have an asset of an employee with her! Thanks again turbo-tax and your staff, especially

Terri!

Have a great day and year!

Karen