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R
rtaylor20
February 5, 2025
Question

How to get IRS form 5329 to get waiver penalty for not taking Inherited RMD by end of year?

  • February 5, 2025
  • 1 reply
  • 0 views
for tax year 2024

    1 reply

    B
    BrittanyS
    February 5, 2025

    To enter this in TurboTax Desktop, follow these steps:

     

    1. Click forms in the top right corner
    2. Click Open Forms
    3. Type in 5329
    4. Scroll down to part IX Question 52 and enter the RMD that should have been taken
    5. In line 53 enter $0 or the amount that was taken
    6. Enter Explanation in wavier under question 53

    See screenshot below:

     

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