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Purpose of Form
Use Form 5329 to report additional taxes on:
• IRAs,
• Other qualified retirement plans,
• Modified endowment contracts,
• Coverdell ESAs,
• QTPs,
• Archer MSAs,
• HSAs, or
• ABLE accounts

Who Must File
You must file Form 5329 if any of the following apply:

• You received a distribution from a Roth IRA and either the amount on line 25c of Form 8606, Nondeductible IRAs, is more than zero, or the distribution includes a recapture amount subject to the 10% additional tax, or it’s a qualified firsttime homebuyer distribution
• You received a distribution subject to the tax on early distributions from a qualified retirement plan (other than a Roth IRA). However, if distribution code 1 is correctly shown in box 7 of all your Forms 1099R and you owe the additional tax on the full amount shown on each Form 1099R, you don’t have to file Form 5329. Instead, see the instructions for Schedule 2 (Form 1040), line 8, in the Instructions for Form 1040, or the Instructions for Form 1040NR, for how to report the 10% additional tax directly on that line.
• You received a distribution subject to the tax on early distributions from a qualified retirement plan (other than a Roth IRA) and you meet an exception to the tax on early distributions from the list shown later, but box 7 of your Form 1099R doesn’t indicate an exception or the exception doesn’t apply to the entire distribution.
• You received taxable distributions from Coverdell ESAs, QTPs, or ABLE accounts.
• The contributions for 2022 to your traditional IRAs, Roth IRAs, Coverdell ESAs, Archer MSAs, HSAs, or ABLE accounts exceed your maximum contribution limit, or you had a tax due from an excess contribution on line 17, 25, 33, 41, or 49 of your 2021 Form 5329.
• You didn’t receive the minimum required distribution from your
qualified retirement plan. This also includes trusts and estates
that didn’t receive this amount. See Waiver of tax for reasonable
cause, later, for information on waiving the tax on excess
accumulations in qualified retirement plans.