The form 5498 is just an informational form. You need the 1099-R to properly report the distribution from your IRA account. The 1099-R will have the distribution amounts, any tax withheld, and the distribution code in box 7 of the form. If you have not received the 1099-R, contact your financial company that distributed the funds and request the form from them. Normally, the 1099-R form is issued by the end of January each year.
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