Form 5329 - Entering in Program

IRS Form 5329 is used to report additional taxes on:

  • IRAs
  • Other qualified retirement plans
  • Modified endowment contracts
  • Coverdell ESAs
  • QTPs
  • Archer MSAs
  • HSAs
  • ABLE accounts

For additional information see the IRS Instructions for Form 5329.

To enter, review, or delete information for Form 5329:

  1. From within your TaxAct® return (Online or Desktop), click Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
  2. Click Retirement Plan Income in the Federal Quick Q&A Topics menu to expand the category and then click [Taxpayer or Spouse] Additional taxes on qualified plans (Form 5329)
  3. Click Review next to the entry you wish to make or modify
  4. The program will proceed with the interview questions for you to enter or review the appropriate information