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Level 2
posted Jan 13, 2024 8:37:12 AM

Why am I getting a error notice when running checks for a form 5329-t

I secured my roth in 2008. I'm 70. Why is TT upset with my entries regarding 5329-t.

I've done 3 distributions . 2018,2022 and 2023 and  on conversion in 2021 small under 5k

I'm not eligible for RMD's yet. Never got this form request in H&R Tax Software. I have not contributed

to Roth since 2017 at my Retirement

 

Confused

 

Thanks Greg

2 8 1440
8 Replies
Level 15
Jan 13, 2024 8:41:54 AM

The IRS Form 5695 Residential Energy Credits for tax year 2023 has not been finalized in the TurboTax program.

The Form 5695 for tax year 2023 is scheduled to be available on 01/24/2024 (subject to change)

Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...

Level 2
Jan 13, 2024 8:52:34 AM

Form 5329-T not 5695?

Level 15
Jan 13, 2024 8:56:29 AM

The T on the Form 5695-T is just a TurboTax indicator designating the taxpayer who is listed first on the tax return.  It still is a Form 5695.

Level 2
Jan 13, 2024 11:01:22 AM

Not energy credits but additional taxes on qualified plans. 

Level 15
Jan 13, 2024 11:15:37 AM

@gvblk4-msn-com Sorry, my mistake.  I misread the form you are referring to.

 

The IRS Form 5329 Add'l Taxes on Qualified Plans (Incl IRAs) (Taxpayer) for tax year 2023 has not been finalized in the TurboTax program.

The Form 5329 for tax year 2023 is scheduled to be available on 01/24/2024 (subject to change)

Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...

New Member
Jan 24, 2024 7:53:48 AM

Are you still unable to file due to this form? I received the same message 3 days ago. I checked back today and no update it seems.

Level 15
Jan 24, 2024 7:56:22 AM

@Yitarakell1981 wrote:

Are you still unable to file due to this form? I received the same message 3 days ago. I checked back today and no update it seems.

TurboTax updates their software normally on a Thursday.  Check back tomorrow on 01/25.

Level 15
Jan 24, 2024 9:00:53 AM

Even though Form 5329 is not yet approved for filing, there is nothing inoperative on this Form in 2023 TurboTax.  There have been no functional changes from the 2022 form.  Examine the form to see which part of the form is being populated.  This will guide you to the area of your tax return that needs your attention.