Kea Posted February 29, 2012 Report Share Posted February 29, 2012 Client was taking substantially equal distributions from retirement plan. Last year plan paid out remainder of account while client was only 58 1/2 (so close). I found in the instructions that to recapture the 10% penalties that have not been paid over the last 10 years, you put the amount on line 3 of Form 5329 and "attach an explanation." Is there some place in TRX to put an explanation? Or, should I just type up something, save it as a .pdf and then attach that to the e-file? (And if anyone can help me get my client out of the 10 years of penalties, that would be great, too.) Thanks Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 2, 2012 Report Share Posted March 2, 2012 I do believe you are correct with creating a pdf and attaching it to the e-file. Can't help with the explanation language. Good luck though. Quote Link to comment Share on other sites More sharing options...
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