topic I got a "check this entry" for Form 5329-S. "Your calculations could not be completed. Reference code: 2-760-852." How do I check this entry? in Retirement tax questions

I got a "check this entry" for Form 5329-S. "Your calculations could not be completed. Reference code: 2-760-852." How do I check this entry?

mlibdoyle — Fri, 22 Jan 2021 23:29:44 GMT

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.

Re: I got a "check this entry" for Form 5329-S. "Your calculations could not be completed. Refere...

DaveF1006 — Mon, 25 Jan 2021 21:07:55 GMT

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.

Re: I got a "check this entry" for Form 5329-S. "Your calculations could not be completed. Refere...

mlibdoyle — Mon, 25 Jan 2021 22:02:29 GMT

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 I've not withdrawn anything from my retirement.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.

Re: I got a "check this entry" for Form 5329-S. "Your calculations could not be completed. Refere...

DaveF1006 — Mon, 25 Jan 2021 22:13:42 GMT

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]

Re: I got a "check this entry" for Form 5329-S. "Your calculations could not be completed. Refere...

macuser_22 — Mon, 25 Jan 2021 22:14:16 GMT

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.

Re: I got a "check this entry" for Form 5329-S. "Your calculations could not be completed. Refere...

mlibdoyle — Mon, 25 Jan 2021 23:30:34 GMT

No. I've been using Turbo Tax for about ten years, and always as a single filer.

Re: I got a "check this entry" for Form 5329-S. "Your calculations could not be completed. Refere...

mlibdoyle — Mon, 25 Jan 2021 23:31:33 GMT

Thanks! I will try that.