Form 5329
(Rev. February 2020)
Department of the Treasury
Internal Revenue Service (99)
Additional Taxes on Qualified Plans
(Including IRAs) and Other Tax-Favored Accounts
▶
Attach to Form 1040 or Form 1040NR.
▶
Go to www.irs.gov/Form5329 for instructions and the latest information.
OMB No. 1545-0074
2018
Attachment
Sequence No.
29
Name of individual subject to additional tax. If married filing jointly, see instructions. Your social security number
Fill in Your Address Only
if You Are Filing This
Form by Itself and Not
With Your Tax Return
▲
Home address (number and street), or P.O. box if mail is not delivered to your home Apt. no.
City, town or post office, state, and ZIP code. If you have a foreign address, also complete
the spaces below. See instructions.
If this is an amended
return, check here
▶
Foreign country name Foreign province/state/county Foreign postal code
If you only owe the additional 10% tax on early distributions, you may be able to report this tax directly on Schedule 4 (Form 1040), line 59,
or Form 1040NR, line 57, without filing Form 5329. See the instructions for Schedule 4 (Form 1040), line 59, or for Form 1040NR, line 57.
Part I
Additional Tax on Early Distributions.
Complete this part if you took a taxable distribution (other than a qualified
disaster distribution) before you reached age 59½
from a qualified retirement plan (including an IRA) or modified endowment
contract (unless you are reporting this tax directly on Form 1040 or Form 1040NR—see above). You may also have to
complete this part to indicate that you qualify for an exception to the additional tax on early distributions or for certain Roth
IRA distributions. See instructions.
1 Early distributions included in income. For Roth IRA distributions, see instructions . . . . . . 1
2 Early distributions included on line 1 that are not subject to the additional tax (see instructions).
Enter the appropriate exception number from the instructions:
. . . . . . . . .
2
3 Amount subject to additional tax. Subtract line 2 from line 1 . . . . . . . . . . . . . 3
4
Additional tax. Enter 10% (0.10) of line 3. Include this amount on Schedule 4 (Form 1040), line 59, or Form 1040NR, line 57
4
Caution: If any part of the amount on line 3 was a distribution from a SIMPLE IRA, you may have
to include 25% of that amount on line 4 instead of 10%. See instructions.
Part II
Additional Tax on Certain Distributions From Education Accounts and ABLE Accounts. Complete this part if
you included an amount in income, on Schedule 1 (Form 1040), line 21, or Form 1040NR, line 21, from a Coverdell
education savings account (ESA), a qualified tuition program (QTP), or an ABLE account.
5 Distributions included in income from a Coverdell ESA, a QTP, or an ABLE account . . . . .
5
6 Distributions included on line 5 that are not subject to the additional tax (see instructions) . . . 6
7 Amount subject to additional tax. Subtract line 6 from line 5 . . . . . . . . . . . . . 7
8
Additional tax. Enter 10% (0.10) of line 7. Include this amount on Schedule 4 (Form 1040), line 59, or Form 1040NR, line 57
8
Part III
Additional Tax on Excess Contributions to Traditional IRAs. Complete this part if you contributed more to your
traditional IRAs for 2018 than is allowable or you had an amount on line 17 of your 2017 Form 5329.
9
Enter your excess contributions from line 16 of your 2017 Form 5329. See instructions. If zero, go to line 15
9
10
If your traditional IRA contributions for 2018 are less than your
maximum allowable contribution, see instructions. Otherwise, enter -0- 10
11 2018 traditional IRA distributions included in income (see instructions) . 11
12 2018 distributions of prior year excess contributions (see instructions) . 12
13 Add lines 10, 11, and 12 . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Prior year excess contributions. Subtract line 13 from line 9. If zero or less, enter -0- . . . . . 14
15 Excess contributions for 2018 (see instructions) . . . . . . . . . . . . . . . . . 15
16 Total excess contributions. Add lines 14 and 15 . . . . . . . . . . . . . . . . . 16
17
Additional tax. Enter 6% (0.06) of the smaller of line 16 or the value of your traditional IRAs on December 31, 2018 (including
2018 contributions made in 2019). Include this amount on Schedule 4 (Form 1040), line 59, or Form 1040NR, line 57 . . .
17
Part IV
Additional Tax on Excess Contributions to Roth IRAs. Complete this part if you contributed more to your Roth
IRAs for 2018 than is allowable or you had an amount on line 25 of your 2017 Form 5329.
18
Enter your excess contributions from line 24 of your 2017 Form 5329. See instructions. If zero, go to line 23
18
19
If your Roth IRA contributions for 2018 are less than your maximum
allowable contribution, see instructions. Otherwise, enter -0- . . . . 19
20 2018 distributions from your Roth IRAs (see instructions) . . . . . 20
21 Add lines 19 and 20 . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22 Prior year excess contributions. Subtract line 21 from line 18. If zero or less, enter -0- . . . . . 22
23 Excess contributions for 2018 (see instructions) . . . . . . . . . . . . . . . . . 23
24 Total excess contributions. Add lines 22 and 23 . . . . . . . . . . . . . . . . . 24
25
Additional tax. Enter 6% (0.06) of the smaller of line 24 or the value of your Roth IRAs on December 31, 2018 (including
2018 contributions made in 2019). Include this amount on Schedule 4 (Form 1040), line 59, or Form 1040NR, line 57 . .
25
For Privacy Act and Paperwork Reduction Act Notice, see your tax return instructions.
Cat. No. 13329Q
Form 5329 (2018)
