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April 11, 2025
Question

How do i delete the need to enter info for 5329-T form? I do not have and should not have a 5329 form yet it keeps asking me for the info

  • April 11, 2025
  • 1 reply
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April 11, 2025

TurboTax automatically generates the form if needed.  Revisit the 1099-R section and check your entries. 

 

Form 5329 is the tax form used to calculate possibly IRS penalties and possibly request a penalty waiver.

 

You may need form 5329 in three situations:

  • early distributions from a tax-favored account
  • excess contributions to a tax-favored account
  • failing to take required minimum distributions

For more details please check, Form 5329

 

 

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