turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

user17702351396
Returning Member

Form 5329-T; Part IX; Waiver of Tax Smart Worksheet; Waiver Explanation Statement: Can't get the statement to save.

Hi,

I can't get the Waiver Explanation Statement to save on Form 5329-T, Part IX, Waiver of Tax Smart Worksheet.

All of the numbers are populating correctly, and I have the dollar amount for which I'm requesting a waiver in the field.  Just can't get the Waiver Explanation Statement to save.  The text line shows red font when I'm typing and, when I close it and reopen it, the shaded in red with no text.  

 

Any recommendations on how to get it to save?  Or is this a glitch in the software?  

Thanks

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
DaveF1006
Employee Tax Expert

Form 5329-T; Part IX; Waiver of Tax Smart Worksheet; Waiver Explanation Statement: Can't get the statement to save.

Switch out of Forms Mode and go back to Step-by-Step

 

  1. Go to Federal > Wages & Income > Retirement Plans and Social Security.
  2. Find your 1099-R entry (even if you don't have one for the missed RMD, you can use the "Other Tax Situations" > "Additional Tax on Qualified Plans" path).
  3. Answer "Yes" to the question "Did you miss a Required Minimum Distribution?"
  4. When it asks for the explanation in the big text box, type it there.
  5.  When you enter it in the interview, the data is saved and will show up in the Smart Worksheet in black text instead of red, which means there’s no error..
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
user17702351396
Returning Member

Form 5329-T; Part IX; Waiver of Tax Smart Worksheet; Waiver Explanation Statement: Can't get the statement to save.

Thank you for the advice.  I followed the instructions to Other Tax Situations / Additional Tax..., but when clicking "Update," nothing happens.  It does not advance to follow-on questions, it stays on the same page with no action.

DaveF1006
Employee Tax Expert

Form 5329-T; Part IX; Waiver of Tax Smart Worksheet; Waiver Explanation Statement: Can't get the statement to save.

 This is a known defect in TurboTax and has been forwarded to the development team. They are working on this, but there is no news regarding when the issue will be resolved.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question