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Form 5498 - What is a rollover contribution?
I recieved a 2019 Form 5498 that shows my Roth IRA and IRA contributions. For 2019 it showed that I made 0 contributions to the Traditional IRA, but had a rollover contribution of $1300 (box 2). For the Roth IRA, I reported that I contributed $6000, but had a Rollover Contribution of $4000 (box 2). What does the rollover contribution in box 2 mean? I was unaware of these rollover contributions and I do not remember filing anything in 2019 or getting other documentation to submit from Vanguard pertaining to this rollover (only the 1099-DIV and 1009-INT forms). Do I need to do anything further?
‎February 17, 2021
6:03 PM