Ats1
Level 2

Tell Us the Value of Your Traditional IRA

When TurboTax asks for this value, it says to refer to the 5498 form for the fair market value as of 12/31/24.

 

If I made a Traditional IRA contribution in April 2025 for tax year 2024 (and shortly thereafter converted this contribution to my Roth IRA), does this amount get added to the total shown on the 5498 form? Or should it just be the amount shown on the form?