How are line 52 and 53 in Form 5329 generated

PoledraFenrir
PoledraFenrir Member Posts: 2 Newcomer
in Retirement Income

In my tax return, have to take RMD from inherited IRA and Roth IRA. I accidently under withdraw last year resulting in an excess accmulation, which I then made up in 2025 within the correction window. On the software, I enter the following screens:

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The form generated shows:

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So how are 52a, 52b, 53a, and 53b generate? Shouldn't the value be $9794 in 52a since it's from a qualfied plan (inherited IRA and inherited Roth). How did we come up with the negative $3,488? I didn't think negative numbers are allowed on the form.

Comments

  • PoledraFenrir
    PoledraFenrir Member Posts: 2 Newcomer

    Unfortunately, I feel that the generated form is not correct and I should just enter the forms manually, but it appears FreeTaxUSA does not have a form option like in Turbo Tax. It's possible I cannot use FreeTaxUSA this year.

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