Filing Form 5329

[Tim140]

If I use forms mod to fill out Form 5329 can I E-file my taxes and will the 5329 form be included. 

From a previous post I read:

Unfortunately, there is a defect in the TurboTax interview that makes it impossible to fill out Form 5329 if you did not receive any 1099-R for 2024. The only way to fill it out is in forms mode, which is only available in the desktop TurboTax software, not in TurboTax Online. That means you will have to use the desktop software to file your 2024 tax return.

If I use forms mod to fill out Form 5329 can I E-file my taxes and will the 5329 form be included.  Since I withdrew my excess accumulation for 2023 do I need to prove that to the IRS by including a copy of the check I received?

If so, should I manually file my 1040 & 5329 including a copy of the check?

[fanfare]

If you are in forms mode, you are using the desktop version.

you will have the opportunity to enter your explanation for waiver and still e-File

Another taxpayer yesterday reported issues in this scenario, therfore ...

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Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, to contact the IRS, or to amend if a TurboTax update changes your return or for any other reason,
SUCH AS, ....

To verify that Form 5329 is included

AND, to find your AGI next year.

@Tim140 

[fanfare]

"I withdrew my excess accumulation for 2023"

Are you reporting an excess accumulation or an excess contribution ??

If you withdrew contribution  after Oct 15 2024, you missed the deadline and there is no waiver of the 6%  contribution penalty for 2023. 

you won't need an explanation and you don't send any other documentation.

if you withdrew after Dec 31 2024, only the 6% shows on your 2024 tax return along with an unresolved excess contribution from your 2023 Form 5329.

since you say you have no 1099-R that must be the case.

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If you are reporting an excess accumulation removed in 2025, you would report that next year.

, I can't figure out the new 2024 Form 5329 so I can't help you.

@Tim140 

[Tim140]

If I use forms mod to fill out Form 5329 can I E-file my taxes and will the 5329 form be included.  Since I withdrew my excess accumulation for 2023 do I need to prove that to the IRS by including a copy of the check I received?

[fanfare]

Include dates and amounts in your explanation statement.

You don't have to send any copies of checks.

@Tim140