Additional Tax IRA & other : 1040 sch 2 line 21

[52rwpropsom]

1040 sch 2 line 21 shows I have an additional tax amount from some other forms.  It traces back to 5329-T.  The only entries I have are some IRA amounts on line 16a and 24a. 

If I understand it right these lines are compared to line 16 and 24 and the smaller is entered into line 17 and 25 which is used to calculate the additional tax.

My line 16 and 24 are zero and line 17 and 25 is empty.

Why am I getting an amount on 1040?  It generates a penalty which then rolls to state which also penalizes me.

Help

[DanaB27]

To clarify, on Form 5329 lines 4, 8, 17, 25, 33, 41, 49, 51, and 55 are empty but it shows an amount on line 8 of Schedule 2?

You didn't get a warning in the interview about a penalty (for example early distribution or excess contribution)?

[52rwpropsom]

Yes, form 5329 lines 4, 8, 17, 25, 33, 41, 49, 51, and 55 are all empty.

16a and 24a have entries but they are compared to 16 and 24 (which are empty) and the smaller should show up in 17 and 25 which also show to be empty.

But

1040 line 8 has a total. 

[52rwpropsom]

Yes, there was a warning in the end.  That is what triggered me to trace it back.

[DanaB27]

What did the warnings say?

It would be helpful to have a TurboTax ".tax2021" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions: 

1. On your menu bar at the very top, click "Online"
2. Select "Send Tax File to Agent"
3. Click "Send"
4. The pop-up will have a token number
5. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

[52rwpropsom]

After a little more digging found an errant entry on the IRA worksheet which was triggering the tax.

I have corrected that and it appears things are back to normal.

thanks for the help