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Form 5329 generating a 10% penalty when the cares act Form 8915 gave relief of 100% of the penalty

Level 2

I don't know why the Form 5329 keeps showing up with a penalty when the distribution is eligible for penalty relief due to the Cares Act.  I have 2 returns already that this has happened.  Does anyone have any idea of why?  And the best way to eliminate it?

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2 Replies 2
Level 15

Is form 8915E finalized in your software?

This week's special - free roadrunner dinner with every return (legal disclaimer - you catch it and we'll cook it)
Level 15

Distribution Code 1 on the 1099-R?


ex-AllStar