How do I file a Form 5329?

Towel4 — Wed, 25 Mar 2026 19:42:16 GMT

I need to file Form 5329 for a late 2025 RMD distribution from an inherited IRA account. The RMD was taken in January 2026. I did not receive a 1099-R for the account, because no sales had actually occurred in 2025 (again, I took the RMD late in 2026).

I've been informed that the late RMD will appear on next years 1099-R, as well as the expected RMD for this year (2026), which is fine.

However, I do not know how to attach the required Form 5329 for my 2025 return in TurboTax.

Any help?

Re: How do I file a Form 5329?

ReneV4 — Sat, 28 Mar 2026 16:50:51 GMT

If you did not take your RMD and did not receive a Form 1099-R, but would like to request a waiver via Form 5329 for your inherited IRA in TurboTax, do the following:

In TurboTax Desktop:

In Forms Mode, go to Open Form at the top left corner of your TurboTax screen and type 5329
Select Form 5329-T
On Form 5329-T, scroll down to Line 52a and input the $_ that was your RMD
On Line 53a, input zero (0) for the amount of the RMD you took
Input the $_ in Box A found just below Line 53b
Click Explain just below the $_
Write: "I mistakenly did not take the RMD for my inherited IRA. Upon discovering the error in January 2026, I immediately withdrew the full 2025 RMD amount of $_. I have now set up an automatic withdrawal to ensure this does not happen again."

In TurboTax Online:

Go to Wages & Income and select, Retirement Plans and Social Security, 1099-R...
Select, IRA, 401(k), Pension Plan Withdrawals (1099-R), then Start
Here, you will select Add a 1099-R, but will enter $0.00 in Box 1 and Box 2a since this is only to trigger the RMD interview, Continue
Note: Box 7 should have Code 4 for an inherited IRA, as well as the IRA/SEP/SIMPLE box checked
Click Continue through the interview, answering through next screens
When you reach Review your 1099-R Summary, click Continue
Ensure you selected, I inherited this IRA plan, Continue
Enter the information about from whom it was inherited, Continue
Answer the, "Did you have nondeductible contributions for this IRA?", typically No (unless your mother tracked her basis on Form 8606), Continue
Year when the person from whom you inherited IRA was born, Continue
When you reach, "Let's get more information about your Required Minimum Distribution (RMD), enter the amount of your RMD that was due by December 31, 2025 (but did not take), Continue
On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?"
Select "None of this distribution applied...", Continue
Next, you will be asked, "Did you take out the remaining $_ during the correction window?", Select, "No, I did not", Continue
When you reach, "Review your 1099-R summary, Continue (not the pencil)
When you reach, "Let's go over any required minimum distributions (RMD), Select the pencil
Next, you will see, "Did you miss taking the...RMD...?", Select Yes, Continue
Enter the amount of the RMD (that you should have taken) when you reach, "Tell us the Total RMD...", Continue
Select "No", when asked, "Did you take a corrective distribution...?", Continue
Do you want to request a waiver, select, "Yes", Continue
Next, enter the amount of your RMD for which you are requesting the waiver, Continue
Next, enter an explanation, Continue

topic Re: How do I file a Form 5329? in Retirement tax questions

How do I file a Form 5329?

Re: How do I file a Form 5329?