Should prior Year 5329 be sent to IRS address per instruction for those years or the address where they would be sent for 2018?
The 2018 address for sending 5329s (which goes by where we’d send the estate return 1041) has changed for our location. The 5329s we’re filing (and sending by themselves) are for 2015, 2016 and 2017. Should we send them to the address where those years would have gone per those past instructions (Cincinatti Ohio), or to the address where they are to be sent for 2018 tax year (Utah)? Thank you.
Permalink Submitted by Alan - IRA critic on Fri, 2019-03-29 22:14
The 2018 address.
Permalink Submitted by Cheryl Van Beek on Fri, 2019-03-29 22:18
Alan-iracritic, you have helped me so much. I truly appreciate all your responses and knowledge.
Permalink Submitted by Cheryl Van Beek on Sat, 2019-03-30 12:50
Regarding the aforementioned 3 5329s for a decedent/estate—the 2015 form 5329 is the year the decedent passed away (but should have taken an RMD from an inherited IRA before passing away and didn’t for reasons explained earlier) the other 2 (2016 & 2017) would be for years the estate should have taken IRAs RMD from that inherited IRA. She died so close to the end of the year, her 2015 return was filed as reflecting through 12/31/2015. Her EIN was not established until 2017. I believe the decedent’s SSN should not be used after the final return, but this 5329 is being filed retroactively. So for just this 2015 5329, should her SSN be used and “Deceased” with her name& date of passing be written across the top of this 5329 as was done on the final 1040 filed for her after her death and the EIN used on 2016 &2017 5329s? Or should all 3 5329s use the EIN and not have “Deceased” (with that date) written across the top of any of them? Thank you again.
Permalink Submitted by Alan - IRA critic on Sat, 2019-03-30 18:11
Her SSN and “deceased (DOD)”should be used on returns including 5329 returns for periods of time that the decedent was alive. Estate EIN for periods thereafter.