I need help with form 5329.

marylawwill — Mon, 13 Apr 2026 17:37:48 GMT

I received my RMD for Matrix Trust Co on 01/12/2026 therefore I didn't receive a 1099-R.

Re: I need help with form 5329.

ReneV4 — Mon, 13 Apr 2026 22:08:18 GMT

In TurboTax Desktop, you are able to generate the required form automatically and then request your waiver directly on the form, by following these steps:

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 IRA. Upon discovering the error in 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, you can generate Form 5329 by following these steps:

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
Use Distribution Code 7
Leave the IRA/SEP/SIMPLE box unchecked
Click Continue through the interview, answering through next screens
Select Qualified plan, then Continue
Select "None of the above" in the Do any of these situations apply to you? screen, then Continue
Select, "No, it's another type of qualified retirement plan", then 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 Continue
On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?",
Select "None of the distribution applied...", Continue
Next, you will be asked, "Did you take out the remaining $ during the correction window?", Select, "No, I did not", Continue
Select No on the Annuity information screen, then 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 when you reach, "Tell us the Total RMD...", Continue
Select "Yes", when asked, "Did you take a corrective distribution...?", Continue
"Do you want to request a waiver", select, "Yes", Continue

topic I need help with form 5329. in Retirement tax questions

I need help with form 5329.

Re: I need help with form 5329.