holodeck
Level 3

The software automatically calculated 10% penalty on Sch 2 line 8 with "No" for form 5329 which I don't understand.

An entry on the 5329 smart worksheet line 1L is still required to eliminate the 10% for taxpayer over 59-1/2.

The distribution is from a company discontinued pension plan.

Just want to be sure I'm right.

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