I received my Form 5498 in the mail after I filled my 2017 tax return through turbotax. Do I need to report that in my taxes? If yes, what needs to be done.

A 5498 is information only and does not go on a tax return.   It might be reporting IRA contributions or distributions that should have already been reported.

I didn't got reported. But you can be right it is for information purposes. Only box 5 is filed on Form 5498.

That just informs you of the fair market value of your account as of Dec 31, 2017.

Which means I'm good. Okay.. thank you for answering!