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Get your taxes done using TurboTax
Form 5498 is information only and does not go on a tax return.
No 1099-R will be reported for this since it was not a distributions and is not reportable as a contribution - it is just an nonreportable transaction within the IRA.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎February 19, 2021
3:08 PM