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Level 1
November 30, 2021
Question

I completed an explanation statement for form 5329. i want to make a change but can't locate it, how do i find the explanation statement i used?

  • November 30, 2021
  • 2 replies
  • 12 views
The diagnostic advised i needed to complete an explanation statement.  i did, but now want to make some changes to the sentences i included.  how do i locate that explanation statement for exception to penalty.  i do not see a radio button on line 2, exception to penalty on form 5329 that takes you to it.
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2 replies

Just-Lisa-Now-
Intuit Community Champion
November 30, 2021
The only explanation Ive ever seen on the 5329 is the waiver right below Line 52...but thats for when someone forgets to take an RMD, I dont think Line 2 is involved with that.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Intuit Community Champion
November 30, 2021

Try printing a preview of the return, and look at title of explanation statement. Then click on where do I enter (put that title). Hope that works for you. What letter did you use for the exception. Another thought you may have clicked on the letter icon next to the amount of the exception, so try clicking on that icon