My client made an excess contribution to a Traditional IRA. LaCerte is saying that Form 5329 is required if the contribution is not withdrawn before the original, UNEXTENDED due date of the return. ...

My client made an excess contribution to a Traditional IRA. LaCerte is saying that Form 5329 is required if the contribution is not withdrawn before the original, UNEXTENDED due date of the return. The Form 5329 instruction say that you can withdraw the contribution by the EXTENDED due date of the return. Which one is correct?

DougTheAccountant

The IRS Form 5329 instructions are correct. The LaCerte diagnostic is incorrect.

My client made an excess contribution to a Traditional IRA. LaCerte is saying that Form 5329 is required if the contribution is not withdrawn before the original, UNEXTENDED due date of the return. The Form 5329 instruction say that you can withdraw the

Individual