My 2024 return includes eight 1099-R forms, the amounts from which I entered into TT manually:
- Four are from traditional IRAs, from which annual RMD distributions have been made;
- Two are from 403(b) tax-deferred retirement account distributions;
- Two are from employee pension payments earned at different companies.
I discovered in the Forms Mode TT populated Form 5329 as part of my 2024 individual taxpayer return. Form 5329 includes a Table in Part IX. The Table is populated with sums calculated from the values from six of the eight 1099-Rs; the amounts from the two pensions are not included. The Table has a section for “Other Qual. Plans,” and both of the pensions are qualified, which suggests amounts from these pensions should be entered in that section.
I haven’t figured out the function of the Table in TT, so wonder if the omission of the two pensions is an error (which then is propagated to the return to be submitted to the IRS). Can anyone tell if the amounts I received from these pensions should be included in the Table?
If they shouldn’t be included, I wonder how TT detected that these 1099-Rs were from pensions rather than IRAs or 403(b)s. Does anyone know that?
