How do I check Form 5329-S? I have no idea what it is, but it keeps coming up on my review with a reference code.
it depends on whether or not you have a spouse. If you have a spouse who has a RMD requirement for this year, then Turbo Tax will inset a 5329-S form. Conversely, if you have a RMD requirement, yours would appear as a 5329-T indicating you are the taxpayer filing the return.
Also, if your spouse took an early withdrawal, a 5329 is issued to a taxpayer to report additional taxes on IRAs, other qualified retirement plans, modified endowment contracts, Coverdell ESAs, QTPs, Archer MSAs, or HSAs. Please review this IRS link for further details. i couldn't find any details on the reference code you provided but if your spouse does not fit the parameters I listed above, please go to tax tools>tools>delete a form>delete 5329-S.
Also, if you fit any of the parameters listed above instead of your spouse, check your entries to make sure it's your 1099 reported and not your spouses. Hopefully, this helps.
Thanks for your reply! No spouse, and I have no RMD, so I don't understand why this particular code popped up. I don't have an IRA, nor a ROTH IRA, and I am 68 years old and am still working full time. I've not withdrawn anything from my retirement. I'm not sure how to get past this page with the code - Turbo Tax won't let me bypass it.
It depends. At this point, go to tax tools>tools>delete a form>find 5329-S and delete the form. If this doesn't work, reply back or call 1-800-446-8848 and have a support specialist view your screen to see why this error persists. [Edited 01-24-2021|02:12 PST]
Are you using an account that previous filed a joint return with a spouse and you are no longer married?
If so, then you need to create a new account with a new ID and password since it is impossible to remove all spouses information form a prior joint return.
No. I've been using Turbo Tax for about ten years, and always as a single filer.