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April 12, 2021
Question

form 5329 isnt showing up on my home and business software? where do i calculate the early withdrawl penalty?

  • April 12, 2021
  • 1 reply
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    1 reply

    April 12, 2021

    Form 5329 will be populated based on your answers to questions in the IRA contribution or pension plan distribution sections in TurboTax. It sounds like you are referring to a distribution, which would be reported on a form 1099-R. When you enter that form, any penalty applicable will be calculated and form 5329 will be populated based on the information you enter in the program.

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