Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
intercst,

I just had a lengthy discussion with TMFPMarti over at the Tax Strategies board. Bottom line is he says you don't need to file Form 5329 if you take an early distribution from your IRA that is not subject to the 10% penalty and your Form 1099-R is properly coded in box 7.

He agreed to notify the IRS that their Form 5329 instructions need clarification and I agreed to post a link to the thread here for anyone interested. I thought you'd be interested because of your coverage of the topic on REHP. Thanks.

-drip

http://boards.fool.com/Message.asp?mid=27470833&sort=who......

(x-posted to RELE and Retired Fools)
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement