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jrb9701
New Member

Form 5329 has to be removed from my tax return. There is a big error in Part IX line 52b.

The total of required RMDs is more than 50% higher than it should be.
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1 Reply

Form 5329 has to be removed from my tax return. There is a big error in Part IX line 52b.

Due to TurboTax issues.
to avoid wrongful penalty, for each 1099-R, tell TurboTax that the distributed amount is the calculated required amount.
OR
Due to TurboTax issues.
to avoid wrongful penalty, for each 1099-R, tell TurboTax that the calculated required amount is -0-..

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Delete all entered Forms 1099-R and try again as described above.

 

@jrb9701 

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