Form 5329

Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts - Form 5329
Go to www.irs.gov/Form5329 for instructions and the latest information.
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.
Foreign country name
Foreign province/state/county
Foreign postal code
If this is an amended return, check here
If you only owe the additional 10% tax on the full amount of the early distributions, you may be able to report this tax directly on Schedule 2 (Form 1040), line 8, without filing Form 5329. See instructions.
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 Schedule 2 (Form 1040)—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 includible in income (see instructions). For Roth IRA distributions, see instructions.
2. Enter the appropriate exception number from the instructions:
2. Early distributions included on line 1 that are not subject to the additional tax (see instructions)
3. Amount subject to additional tax. Subtract line 2 from line 1
4. Additional tax. Enter 10% (0.10) of line 3. Include this amount on Schedule 2 (Form 1040), line 8.
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 8z, from a Coverdell education savings account (ESA) or a qualified tuition program (QTP), or on Schedule 1 (Form 1040), line 8q, from an ABLE account.
5. Distributions included in income from a Coverdell ESA, a QTP, or an ABLE account
6. Distributions included on line 5 that are not subject to the additional tax (see instructions)
7. Amount subject to additional tax. Subtract line 6 from line 5
8. Additional tax. Enter 10% (0.10) of line 7. Include this amount on Schedule 2 (Form 1040), line 8
Part III - Additional Tax on Excess Contributions to Traditional IRAs
Complete this part if you contributed more to your traditional IRAs for 2023 than is allowable or you had an amount on line 17 of your 2022 Form 5329.
9. Enter your excess contributions from line 16 of your 2022 Form 5329. See instructions. If zero, go to line 15
10. If your traditional IRA contributions for 2023 are less than your maximum allowable contribution, see instructions. Otherwise, enter -0-
11. 2023 traditional IRA distributions included in income (see instructions)
12. 2023 distributions of prior year excess contributions (see instructions) .
13. Add lines 10, 11, and 12
14. Prior year excess contributions. Subtract line 13 from line 9. If zero or less, enter -0-
15. Excess contributions for 2023 (see instructions)
16. Total excess contributions. Add lines 14 and 15
17. Additional tax. Enter 6% (0.06) of the smaller of line 16 or the value of your traditional IRAs on December 31, 2023 (including 2023 contributions made in 2024)
Include this amount on Schedule 2 (Form 1040), line 8
Part IV - Additional Tax on Excess Contributions to Roth IRAs
Complete this part if you contributed more to your Roth IRAs for 2023 than is allowable or you had an amount on line 25 of your 2022 Form 5329.
18. Enter your excess contributions from line 24 of your 2022 Form 5329. See instructions. If zero, go to line 23
19. If your Roth IRA contributions for 2023 are less than your maximum allowable contribution, see instructions. Otherwise, enter -0-
20. 2023 distributions from your Roth IRAs (see instructions)
21. Add lines 19 and 20.
22. Prior year excess contributions. Subtract line 21 from line 18. If zero or less, enter -0-
23. Excess contributions for 2023 (see instructions)
24. Total excess contributions. Add lines 22 and 23
25. Additional tax. Enter 6% (0.06) of the smaller of line 24 or the value of your Roth IRAs on December 31,2023 (including 2023 contributions made in 2024)
Include this amount on Schedule 2 (Form 1040), line 8
Part V - Additional Tax on Excess Contributions to Coverdell ESAs
Complete this part if the contributions to your Coverdell ESAs for 2023 were more than is allowable or you had an amount on line 33 of your 2022 Form 5329.
26. Enter the excess contributions from line 32 of your 2022 Form 5329. See instructions. If zero, go to line 31
27. If the contributions to your Coverdell ESAs for 2023 were less than themaximum allowable contribution, see instructions. Otherwise, enter -0-
28. 2023 distributions from your Coverdell ESAs (see instructions)
29. Add lines 27 and 28
30. Prior year excess contributions. Subtract line 29 from line 26. If zero or less, enter -0-
31. Excess contributions for 2023 (see instructions)
32. Total excess contributions. Add lines 30 and 31
33. Additional tax. Enter 6% (0.06) of the smaller of line 32 or the value of your Coverdell ESAs on December 31, 2023 (including 2023 contributions made in 2024)
Include this amount on Schedule 2 (Form 1040), line 8
Part VI - Additional Tax on Excess Contributions to Archer MSAs
Complete this part if you or your employer contributed more to your Archer MSAs for 2023 than is allowable or you had an amount on line 41 of your 2022 Form 5329.
34. Enter the excess contributions from line 40 of your 2022 Form 5329. See instructions. If zero, go to line 39
35. If the contributions to your Archer MSAs for 2023 are less than the maximum allowable contribution, see instructions. Otherwise, enter -0-
36. 2023 distributions from your Archer MSAs from Form 8853, line 8
37. Add lines 35 and 36
38. Prior year excess contributions. Subtract line 37 from line 34. If zero or less, enter -0-
39. Excess contributions for 2023 (see instructions).
40. Total excess contributions. Add lines 38 and 39
41. Additional tax. Enter 6% (0.06) of the smaller of line 40 or the value of your Archer MSAs on December 31, 2023 (including 2023 contributions made in 2024)
Include this amount on Schedule 2 (Form 1040), line 8
Part VII - Additional Tax on Excess Contributions to Health Savings Accounts (HSAs)
Complete this part if you, someone on your behalf, or your employer contributed more to your HSAs for 2023 than is allowable or you had an amount on line 49 of your 2022 Form 5329.
42. Enter the excess contributions from line 48 of your 2022 Form 5329. If zero, go to line 47
43. If the contributions to your HSAs for 2023 are less than the maximumallowable contribution, see instructions. Otherwise, enter -0-
44. 2023 distributions from your HSAs from Form 8889, line 16
45. Add lines 43 and 44
46. Prior year excess contributions. Subtract line 45 from line 42. If zero or less, enter -0-
47. Excess contributions for 2023 (see instructions)
48. Total excess contributions. Add lines 46 and 47 .
49. Additional tax. Enter 6% (0.06) of the smaller of line 48 or the value of your HSAs on December 31, 2023 (including 2023 contributions made in 2024).
Include this amount on Schedule 2 (Form 1040), line 8
Part VIII - Additional Tax on Excess Contributions to an ABLE Account
Complete this part if contributions to your ABLE account for 2023 were more than is allowable.
50. Excess contributions for 2023 (see instructions)
51. Additional tax. Enter 6% (0.06) of the smaller of line 50 or the value of your ABLE account on December 31, 2023
Include this amount on Schedule 2 (Form 1040), line 8
Part IX - Additional Tax on Excess Accumulation in Qualified Retirement Plans (Including IRAs)
Complete this part if you did not receive the minimum required distribution from your qualified retirement plan.
52. Minimum required distribution for 2023 (see instructions)
53. Amount actually distributed to you in 2023 (see instructions)
54. Subtract line 53 from line 52. If zero or less, enter -0-
55. Additional tax.

If you qualify for the 10% tax rate on excess accumulations in at least one qualified retirement plan, check this box.
55. Additional tax. See instructions for how to calculate the additional tax
Include this amount on Schedule 2 (Form 1040), line 8 or Form 1041, Schedule G, line 8
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Part I - Additional Tax on Early Distributions

Part II - Additional Tax on Certain Distributions From Education Accounts and ABLE Accounts

Part III - Additional Tax on Excess Contributions to Traditional IRAs

Part IV - Additional Tax on Excess Contributions to Roth IRAs

Part V - Additional Tax on Excess Contributions to Coverdell ESAs

Part VI - Additional Tax on Excess Contributions to Archer MSAs

Part VII - Additional Tax on Excess Contributions to Health Savings Accounts (HSAs)

Part VIII - Additional Tax on Excess Contributions to an ABLE Account

Part IX - Additional Tax on Excess Accumulation in Qualified Retirement Plans (Including IRAs)

Sign Here Only if You Are Filing This Form by Itself and Not With Your Tax Return

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