Hi and welcome to Just Answer!For distribution - you should receive reporting form 1099R - and report on form 1040 as following:line 15a - total distribution - from 1099-R box 1line 15b - taxable part of distribution - from 1099-R box 2a.line 62 - federal income tax withheld - if any - from 1099-R box 4.If the administrator of your IRA reports on form 1099R, box 7 - distribution code "3" - Disability - there no need any additional form.Howeber if the distribution core is "1" - to claim an exclusion form 10% additional tax - you need to file Form 5329, , Additional Taxes on Qualified Plans (Including IRA's) and other Tax-Favored Accounts - http://www.irs.gov/pub/irs-pdf/f5329.pdf - and Enter the appropriate exception number under line 2 - for disability - use "03"Let me know if you need any help with reporting.
adding # XXXXX is not enough information i need to know how to fill out part #1. i had already printed the 5329 form but i can not figure out how to fill this out so i believed i had the wrong form.
I need help reporting
if i place a #3 where you show me and i leave the rest of the form empty just signing it at the end will the IRS process the form and fill out what is needed for me, because i can not make since of this form
When i reported to the IRA i did tell them i was disable, but they tole me to fill on my own the 5329
now it seems that i may need help filling out these forms can you help me, the money i paid you is already 10%, now i just paying through the nose.
Let me know if you need any help.
Be sure to ask if you need any clarification.
I do not want any trouble
you have your money
i will not do this any more
good luck to you