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New Member
posted Jun 1, 2019 2:17:17 PM

Difference between form 5329-T and 5329-S??? Which one to file???

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4 Replies
Level 15
Jun 1, 2019 2:17:18 PM

Form 5329-T is TurboTax's designation for the Form 5329 for the person whose name is listed first on the tax return, the Taxpayer.  Form 5329-S is TurboTax's designation for the person whose name is listed second on the tax return, the Spouse.  Forms 5329 are individual forms, not joint forms, so there is a separate one for each individual on a joint return.  TurboTax automatically prepares and includes the corresponding Form 5329 for the individual that needs it.

New Member
Jan 20, 2020 3:53:48 PM

Many thanks for this explanation.  

Returning Member
Feb 20, 2023 7:23:48 AM

Forms for both are not identical in calculation and reporting of the penalty.    

Level 15
Feb 20, 2023 7:25:07 AM

@ewshirley54 

If you and your spouse are both calculating a penalty this year, then the calculation for each spouse will be unique to that spouse‘s tax facts.