wethepeople
Level 3
03-29-2022
02:56 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Since there is no coronavirus relief for IRA distributions in 2021, I understand the only way my client can avoid the 10% early withdrawal tax on that distribution is satisfy one of the exceptions to that tax.
This is done by completing and attaching to their joint federal income tax return Form 5329.
Is this correct?