Efile will not accept because of 5329-T

No its not correct.  You need to delete the 1099R and delete the 5329 then re-enter the 1099R.  Form 5329 accesses IRA penalties.  

 

While in your return in TurboTax:

• In the left hand column select "Tax Tools"
• Select "Tools"
• Select "Delete a form"
• Review for form 5329
• Delete selected 
• Review for Form 1099R
• Delete selected
• Then "Back" to go back to TurboTax and re-enter your 1099R.

 

 After you have logged in and are in your return in TurboTax Online:

 

• Go to Search at the top of the screen.
• Enter Form 1099-R in the search box. 
• You will see a Jump To function that will take you to the 1099-R input screens. 
• Then add a new 1099R and manually enter your 1099R.

At the financial services screens, click "Change how I enter my form" then "Type it myself"

 

At the RMD screens make sure and enter "None" to RMD question for 2020 amount.
 

 

SamS1: Thanks & please excuse my tardiness with reply. I experienced difficulty following TT instructions as I only partially rolled over some of the withdrawal. Did delete form 5329. Have not tried to efile again as IRS now delayed file date. Thought I might try a redo of the 1099R as TT may update the software with the additional time.

 

Appreciate your assistance and again express my apologies for not replying promptly.

If this was a required minimum distribution (RMD) and you did put some of the money back into your plan, you can report the 1099-R using the information below for the appropriate screens.  

 

 Answer the RMD question that "None of this distribution  was a RMD",  because is was not - there was no RMD.  Then you should get the screen that allows you to enter the rollover (roll it back) for the portion you put back into the IRA.

 

 

 

Yes, absolutely correct. After saying "no" to the required RMD then all proceeded correctly showing the amount of the RO.  

 

Thank you.