multiple 5329 on tax return

[snowshine]

I have a client who qualifies for 2 exceptions to the 10% early distribution penalty -- she bought a house and has a child in a pricey college (AGI too high to claim any other education-related tax benefits). My software won't let me put 2 5329's on the return, nor will it allow multiple exceptions on 1 form.

Two questions:
a) After too much time spent researching, I cannot find an IRS cite that says 2 5329's are not allowed, and
b) Can I paper file the return if 2 (or more) are allowable?

Thanks all.

[JSLATER]

According to the IRS Website, only one is allowed to be efiled unless you are filing MFJ, then you are allowed one for each spouse. Bad choice of words, but I would assume, you could paper file two!

http://www.irs.gov/efile/article/0,,id=204167,00.html

[RitaB]

Look at

I have a client who qualifies for 2 exceptions to the 10% early distribution penalty -- she bought a house and has a child in a pricey college (AGI too high to claim any other education-related tax benefits). My software won't let me put 2 5329's on the return, nor will it allow multiple exceptions on 1 form.

Two questions:
a) After too much time spent researching, I cannot find an IRS cite that says 2 5329's are not allowed, and
b) Can I paper file the return if 2 (or more) are allowable?

Thanks all.

See if you can't use Code 12, and possibly attach an explanation on that "Elections and Statements" Form.

[BP.]

use Code 12

Agree. Multiple exceptions - Code 12. Instructions 5329.