By using TurboTax online software, how can I get form5329?

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February 18, 2025
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By using TurboTax online software, how can l get form 5329?

Ask the Experts - USAA - Feb 2025

Best answer by RobertB4444

RobertB,

Thank for the info. I look through the instructions which all apply to distributions in year 2024, did not mention anything about excess accumulation (e.g. RMD that accumulated and didn’t take out) of qualified planes.

In 2024 I did not take out excess RMD but took out on Jan 6, 2025. Therefore on Form 5329 box 52a I entered the amount I took out on Jan. 6, 2025. The rest of the boxes from 52b to 55 which apply to 2024 are all zero. So I think I don’t need to file 3805P but attached 5329 for the state tax return. Am I right? I need your expert advice. Thanks!

Based on all of the information that you've entered here that would seem to be the correct approach, yes.

@siteofbluesea

RobertB4444

If you have the 1099-R for the early withdrawal then TurboTax will generate form 5329 automatically for you once you have entered the retirement account information into the system.

If you are using the desktop software you can use the form view in the upper right corner and look at all your forms.

If you are using the online software you can search 'form 5329' in the search box on the upper right and click the 'jump to' link that appears and go to the area where you will enter data for that form.

@siteofbluesea

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siteofblueseaAuthor

I do not get the related RMD 1099R as I missed to withdraw, so I need to report form 5329 to specify the amount I should have withdrawn and the reason why. The TurboTax online software has no search form option, if you can tell me how to get the form aside from search function?