Form 5329 with Multiple Exceptions

[JohnH]

I ran into an unusual situation with Form 5329 in ATX and am curious if anyone else has seen it & how you handled it. The taxpayer took a $40K withdrawal form their IRA, with $12K being used to pay education expenses for their dependent child. When preparing the return, I found that they also had about $3K of deductible medical expenses (over the 7.5% haircut). Consequenlty, they qualified for two different exceptions but only one code can be entered on the 5329 in ATX. There doesn't seem to be an option for splitting the entries, so I just entered the entire $15K on the 5329 and used the code for the education expenses since it comprised most of the adjustment. ( I guess the other option would have been to manually enter the scond code on the 5329, but I didn't do that).

Does anyone have a better way to do this, or is there a work-around in ATX that I missed?

[jainen]

>>only one code can be entered on the 5329 in ATX<<

According to the INSTRUCTIONS to Form 5329 at My link, you should use #12 "if more than one exception applies."

[JohnH]

INSTRUCTIONS?

Who said anything about reading the instructions?

I think that's very unfair and you should take it back.

(But thanks)