Form 5329

[tjwieczore]

Does anyone know how to get Turbotax to file a Form 5329 (I had made an excess contribution to my SEP traditional IRA in 2024 for 2024, and finally got the IRA custodian to return the excess, plus earnings, BEFORE I filed my 2024 return, but now I need to file a Form 5329 and, although I feel I understand the paper Form 5329 and its instructions, I am not sure how to “fill it out” through Turbotax.)

[JohnB5677]

TurboTax will automatically generates the 5329 if its discovers that you owe extra tax on a variety of situations, such as excess contributions to an HSA, early distributions from a retirement plan, failure to distribute Required Minimum Distributions, and so on.

The Form 5329 is filled out and submitted by the taxpayer with the annual Form 1040.

What is Form 5329: Additional Taxes on Qualified Retirement Plans?