code irs form 5329 for sepp 72t distribution

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L1: code irs form 5329 for sepp 72t distribution
birth date 3/1/1963 Roth IRA $115,000 TRADITIONAL $660,000 TOTAL $775,000. ON 5/7/2017 I SET UP A 72T SEPP AND TOOK $24,104 LESS TAXES. MY QUESTION IS DOES ANYONE KNOW HOW TO CODE THE IRS FORM 5329, AS I KNOW MY FINANICAL INSTITUTION WONT CODE THE 1099R WITH EXCEPTION. THANK YOU. I BEEN LOOKING AT POST FOR A FEW YEARS AND REALLY ENJOY THE INFORMATION. HAPPY NEW YEAR TO ALL
2018-01-04 13:08, By: retire01, IP: [76.127.227.69]

L2: code irs form 5329 for sepp 72t distribution
Use exception code “02” on line 2 of Form 5329. Line 3 should be 0. Did you include the Roth IRA in your initial SEPP balance to calculate the annual distribution? If so, then both accounts are part of your plan, but you can choose how much of your annual distribution is taken from each one. Therefore, you could control how much is taxable.
2018-01-04 16:04, By: Alan S, IP: [24.117.172.15]

L3: code irs form 5329 for sepp 72t distribution
no I didn’t include the roth. you guys do a great job here. thanks again
2018-01-05 11:43, By: retire01, IP: [76.127.227.69]