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lyodeb26
New Member

I was told to complete a Form 5329 for my early retirement withdrawal. I do not see that on Turbo Tax.

 
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2 Replies
MindyB
Expert Alumni

I was told to complete a Form 5329 for my early retirement withdrawal. I do not see that on Turbo Tax.

The 5329 will be generated automatically once you have entered the information from your early retirement withdrawal.

 

You should have received a 1099-R with information regarding the withdrawal.

 

Here is how to report the 1099-R in TurboTax Online:

 

  1. Navigate to Federal > Wages & Income > IRA, 401(k), Pension Plan Withdrawals (1099-R) Add/Edit
    • Add a 1099-R
  2. Follow the interview to either import or manually type in the 1099-R

I was told to complete a Form 5329 for my early retirement withdrawal. I do not see that on Turbo Tax.

To enter a Form 5329 -

Click on Federal Taxes (Personal using Home & Business

Click on Other Tax Situations

Under Additional Tax Payments

On Extra tax on early retirement withdrawals, click on the start button

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