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GoodTaylor
Returning Member

How can I fill out Form 5329?

Hi,

 

Is there a way to fill out Form 5329 on Turbo Tax and also submit a letter of explanation for this year?  Or do I have to print out and mail my return?  The following post lists options for the 2019 tax year, and I wondered if we can still use this method if we accidentally missed the RMD and have a taxable amount on line 55 of 5329 to transfer to 1040.  I was confused by the phrase "[NOTE: You can only use this method if you are requesting a waver of the penalty and there is no taxable amount on the 5329 form line 55 that must be transferred to the 1040 form]."

 

https://ttlc.intuit.com/community/taxes/discussion/late-rmd-penalty-file-form-5329-and-letter-of-pen...

 

Thank you.

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1 Reply
ColeenD3
Expert Alumni

How can I fill out Form 5329?

Yes, that method is still valid. It is a very comprehensive method of handling the situation.

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