@Opus 17 @baldietax -- thank you both for your quick responses, they've been incredibly helpful so far.
To answer your question, I'm in the Deductions & Credits section, then Traditional and Roth IRA Contributions (Form 5498) sub-section. I'm asking because I'm trying to determine how this gets reported correctly for the pro-rata rule. It was the next line that reads "Include any IRA contributions [name] made or will make in 2025 for 2024" that caused me confusion.
To be crystal clear, I received three Form 5498 documents (one for Traditional, one for Roth, and one for SEP).
The SEP IRA Form 5498 gave me a FMV, which is what I entered on this screen.
The Traditional IRA Form 5498 shows the IRA contribution that was made in April 2025 for 2024 (Line 1), but then the FMV (Line 5) is blank, so I assume this is $0 and the grand total on the screen I input is solely the FMV amount from the SEP IRA Form 5498, correct?
Unrelated to my question but helpful to understand, the same 2024 Traditional IRA Form 5498 mentioned above also includes a "Recharacterized contribution (Line 4)" amount, which is for a Roth Contribution made in 2023 (for tax year 2023) that I recharacterized in 2024. How do I make sure this is reported correctly?
