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crelfe
New Member

How do I fill out form 5329, Line 3? Line 1 total from IRA; Line 2 is Code 03 for Disabled.

 
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CarolC
Level 6

How do I fill out form 5329, Line 3? Line 1 total from IRA; Line 2 is Code 03 for Disabled.

If your entire distribution was a result of a total and permanent disability then line 3 should be zero.  Line 1 is the amount of your IRA distribution.  Line 2 is the amount that is not subject to the additional tax (10%).  Subtract Line 2 from Line 1, which totals zero if all of your distribution is due to being disabled.

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