Missing 5329 for my spouse

Forum|Forum|4 years ago
March 11, 2022
1 reply
5 views

We file jointly. I missed to take out RMD for 2021. After withdrawing the RMD, and after completing the Turbotax I noticed there is only one copy of 5329-T (for me). I understand even though we are filing 1040 jointly, 5329 should be filed seperately. How do I go about to take care of this problem. Thanks.

BillM223

Level 15

Did your spouse miss filing her/his RMD? If not, your spouse doesn't need a 5329.

IRAs (the usual thing that needs an RMD) are owned by the individual, not the couple. Thus any penalties arising from the IRA belong to the individual, even if the net result ends up on a joint return.

From what you've said so far, you don't have a problem.

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hlatt32Author

Level 2

My wife has an ira account and does need another 5329 to file as required by irs.

ThomasM125

Level 15

When you entered the form 5329 in TurboTax, you should have been given the opportunity to complete a separate form for each of you. I am assuming you used the Forms Mode in the download/desktop version of TurboTax. Can you clarify how you prepared the form 5329?

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