I messed up and continued contributing to my Roth IRA in 2019 and 2024 even though I was not working. I filed the Form 5329 for 2019, 2020, 2021, 2022, 2023 back in November of last year and was left with $217 that still needed to be absorbed in the 2024 tax year. I've also already sent payment to the IRS for each year.
I was told that I would need to file one last Form 5329 with my return this year that showed the final $217 being absorbed. I also had to correct my 2024 contributions which resulted in a taxable distribution. When I enter the info from the 1099-R received from Vanguard, that generates a Form 5329 with Part 1 filled out.
Here's my confusion….. I still have to show on the Form 5329 that I absorbed the remaining $217 dollars but have no way of doing so as the form is automatically generated by the info it is fed. Do I need to fill out a second Form 5329 and mail it in as I did with the previous years or should I just download my forms, add the information to Part 4 of the form and send my entire return by USPS?
