My completecheck says I have to correct form 5392-T and -S. I don't have retirement withdrawals. Can I ignore this and submit my returns?

[BillM223]

Did you mean form 5329? This form is used to calculate penalties for 9 different situations, not just early withdrawals from a retirement plan. It also includes penalties on HSAs, MSAs, ABLE accounts, and Coverdell ESAs.

What lines have entries on the 5329?

[rcgalanti]

Thank you. Yes sorry, form 5329. I have no entry in line 6 of schedule 2 in the 1040, which would prompt use of form 5329. I did not fill out a form 5329 either. I cant even determine how to see what form 5329 the turbotax completecheck is referencing.

[dmertz]

If TurboTax isn't putting anything (not even a zero) on Schedule 2 line 6, you should be able to simply delete the Form 5329.  Click on Tax Tools -> Tools -> Delete a form, then click the Delete link next "Form 5329" in the forms list.

[rcgalanti]

Very helpful, thank you. I followed the process and it turns out I don't even have a form labeled "form 5329". Would there be another name for these. Forms 5329-S and 5329-T.

[dmertz]

If it was present in your tax return, TurboTax would show a Form 5329 in the list as either Form 5329-T (for "Taxpayer") or Form 5329-S (for "Spouse").  The "T" and "S" are simply TurboTax's notations to identify the individual to whom the particular Form 5329 applies.

[rcgalanti]

Ok well it seems like an error then, because those aren't visible and I don't have a spouse. Is there any other way I can clear that issue before filing? Thank you for the extended help.

[dmertz]

It would be helpful if you could provide the exact wording of the message that TurboTax is providing.  Specifically what aspect of Form 5329 are you being asked to correct?

[rcgalanti]

Sure, When I use completecheck, these are the 4 messages

Form 5329-S: Your calculations could not be completed. Reference code:7-347-728

Form 5329-S: Your calculations could not be completed. Reference code:6-192-114

Form 5329-T: Your calculations could not be completed. Reference code:7-347-728

Form 5329-T: Your calculations could not be completed. Reference code: 6-192-114

[dmertz]

I don't think I can help with that.  Those messages seem like ones that would only make sense to a developer of TurboTax.

[rcgalanti]

No worries, you were very helpful, thank you.