How should 72T dist amounts show on Form 5329 when part of dist was received after turning 59 1/2?

[panelson5]

I started a 72T at age 55 beginning in 2014.  I received two 1099-R forms for my 2018 tax return.  One form shows code 2 for the dist amount received before turning 59 1/2.  The second form shows code 7 for the dist amount received after turning 59 1/2.  Do both amounts need to be reflected on Form 5329 since both amounts were part of 72T distribution?  My line 1 shows the dist amount received before turning 59 1/2 while line 2 shows the total of both amounts which equal the annual periodic payment received each year.  Is this the correct way it should be reflected on Form 5329?

[dmertz]

Neither of these is reportable on Form 5329.  (I don't know how you got TurboTax to include the code 2 distribution on Form 5329, that shouldn't have happened.)

If the IRS has questions as to whether or not you modified your series of substantially equal periodic payments, the IRS will look at the total of the gross amounts reported on these two Forms 1099-R since presumably they show the same account number.