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February 26, 2025
Question

how do I include form 5329

  • February 26, 2025
  • 1 reply
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I did not receive the minimum RMD in 2023. How do I fill out form 5329 on TurboTax?

    1 reply

    February 26, 2025

    You need to amend your 2023 tax return. Then, proceed as if you are entering a Form 1099-R:

     

    1. From the federal menu in TurboTax navigate to Wages and Income
    2. Find the Retirements and Investments or IRA, 401(k), Pension Plan Withdrawals (1099-R) section 
    3. Select Start, Revisit or Edit/Add next to IRA, 401(k), Pension Plan Withdrawals
    4. Indicate that you did get a 1099-R statement if necessary

    Continue past the screen where you enter the Form 1099-R and you will come to a screen that says Did You Miss a Required Distribution From Any Retirement Accounts? Check the box on that screen that indicates the type of RMD you missed:

     

    On the next screens you can enter the amount of the RMD that you missed.

     

     

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