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form 5329

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Level 2

Does a trust need to prepare a form 5329 to report taking a late required minimum distribution.  They  missed the rmd in 2019 so will take 2 in 2020.

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Level 15

Yes. If there is a good reason they can beg for a waiver.


ex-AllStar
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Level 2

I need to prepare the Form 5329  using the IRS forms because it is not included in Lacerte fiduciary module Form 1041.  I was thinking of attaching the Form 5329 that I am preparing as a PDF when the Form 1041 for the trust is filed electronically.  Do you think this will work?  Do you have any other ideas.  Thank you for your help.

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Level 15

You can try. I don't know if t will work.


ex-AllStar
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