The 5329 would only show a penalty for any taxable transactions. If there is Basis on the IRA Information Worksheet that is greater then the distribution the 8606 line 15 will show the taxable portion. Only the taxable portion from line 15 flows to the 5329 for the 10% additional tax.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Accept as solution" and then just changing the Accept as solution to Mark as Best Answer, mine gets cutoff, so it is too long. I changed mine to the following and it fits. -->**Say "Thanks" by clicking the thumb icon in a post
**Click "Mark as Best Answer " to mark the post that answers your question.
