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Screen 5329 - Additional Taxes on Qualified Plans (1040)
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Overview
Use this screen to complete Form 5329, Parts III-VIII.
note
- To complete Form 5329, Parts I and IX, enter information in the1099R-2screen located in theRetirementfolder.
- To complete Form 5329, Part II, enter information in either the1099Qscreen located in theEducatefolder or the1099QAscreen located in theHealth Carefolder.
- To force Form 5329 to print if it has data and whether or not it's required, selectSetup,1040 Individual, select theFederaltab, and selectTax Returnin theCollationgroup box. In theReturn Collationwindow, selectPages that can be forced to printin theFocusgroup box, select the tab for the collation you want to modify (Government,Client, orPreparer), selectForm 5329in the list, and selectAlways if data. SelectOK.
Form 5329 - Excess Contributions to IRAs
Use the
Part III
fields in this section to enter the information if the client contributed excess amounts to his or her traditional IRA account. Also enter Traditional IRA value on 12/31/2025
in the IRA
screen when completing this part of Form 5329.Use the
Part IV
fields in this section to enter the information if the client contributed excess amounts to his or her Roth IRA account. Also enter Roth IRA value on 12/31/2025
in the IRA
screen when completing this part of Form 5329.2024
excess contributions, Form 5329 line 16The application proformas this amount from the prior-year tax return.
Trad IRA contributions less than maximum...
Enter the amount of the contribution credit in
2025
when the taxpayer contributed less than the maximum contribution and has an excess contribution from earlier years that hasn't been eliminated.note
The contribution credit is the difference between the maximum contribution and the actual contribution.
Excess contributions to traditional IRA
The application doesn't automatically include excess contributions calculated in the return.
note
Also enter traditional IRA value on 12/31/
2025
in the IRA
screen.2024
excess contributions to Roth IRA, Form 5329 line 24The application proformas this amount from the prior-year tax return.
Roth IRA contributions less than maximum allowable contribution
Enter the amount of the contribution credit in
2025
if the taxpayer's Roth IRA contributions are less than the maximum contribution.note
The contribution credit is the difference between the maximum contribution and the actual contribution.
Excess contributions to Roth IRA
The application doesn't automatically include excess contributions calculated in the return.
note
Also enter Roth IRA value on 12/31/
2025
in the IRA
screen.Form 5329 - Excess Contributions to ESAs
2024
excess contributions to Education Savings Account, Form 5329 line 32The application proformas this amount from the prior-year tax return.
ESA contributions less than maximum allowable contribution
Enter the amount of the contribution credit in
2025
if the taxpayer's ESA contributions are less than the maximum contribution.note
The contribution credit is the difference between the maximum contribution and the actual contribution.
Excess contributions to Education Savings Account
The application doesn't automatically include excess contributions calculated in the return.
Form 5329 - Excess Contributions to Health Accounts
2024
excess contributions to MSA, Form 5329 line 40The application proformas this amount from the prior-year tax return.
Value of Medical Savings Account on 12/31/
2025
(Force)Enter the value of the Medical Savings Account on December 31,
2025
, if it hasn't been entered on the 5498SA
screen or to force a different amount.MSA contributions less than maximum allowable contribution (Force)
Enter the amount of the MSA contribution credit when the taxpayer contributed less than the maximum contribution, if different from the amount calculated on Form 8853.
note
The contribution credit is the difference between the maximum contribution and the actual contribution.
Excess contributions to Medical Savings Account (Force)
Enter the amount of excess contributions made in
2025
to a Medical Savings Account, if different from the amount calculated on Form 8853.2024
excess contributions to HSA, Form 5329 line 48The application proformas this amount from the prior-year tax return.
Value of Health Savings Account on 12/31/
2025
(Force)Enter the value of the Health Savings Account on December 31,
2025
, if it hasn't been entered on the 5498SA
screen or to force a different amount.HSA contributions less than maximum allowable contribution (Force)
Enter the amount of the Health Savings Account contribution credit in
2025
when the taxpayer contributed less than the maximum contribution, if different from the amount calculated on Form 8889.note
The contribution credit is the difference between the maximum contribution and the actual contribution.
Excess contributions to Health Savings Account (Force)
Enter the amount of excess contributions made in
2025
to a Health Savings Account, if different from the amount calculated on Form 8889.Form 5329 - Excess Contributions to ABLE Accounts
Value of ABLE Account on 12/31/
2025
(Force)Enter the value of the ABLE Account on December 31,
2025
, if it hasn't been entered on the 1099QA
screen or to force a different amount.Excess contributions to ABLE Account (Force)
Enter the amount of excess contributions made in
2025
to an ABLE Account, if different from the amount calculated on the ABLE Account Worksheet.Amended return
Enter
X
in this field if the information in this screen is for an amended return. If this field is marked, the application marks the corresponding box on Form 5329.Print with firm data on form
The application assumes you're filing Form 5329 with Form 1040. If you're filing Form 5329 by itself, enter
X
in this field. The application then prints the taxpayer address on Form 5329, Page 1 and the preparer information on Form 5329, Page 2. Form 5329 won't be included in an e-file when this box is marked.