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February 1, 2022
Question

It is incorrectly telling me i need form 5329 - i am a college student with a part time job and no investments or hsa - why on earth is it telling me this?

  • February 1, 2022
  • 1 reply
  • 0 views
why is it telling me i need to upgrade and get the form 5329 - this makes no sense

1 reply

Hal_Al
Employee
February 1, 2022

A 529 Plan or ESA distribution could be subject to a penalty or need to report a penalty exception (scholarship or tax credit) requiring form 5329.