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5498 Form
Hello!
When doing my taxes, I did not enter any info from my Roth IRA because I created it by accident, not knowing I exceeded the income max. I had contributed $400 in early 2021 but removed the amount after learning I wasn’t supposed to have one. I had gained about $65 - so $465 total was withdrawn. Prior to doing my taxes, the amount was $0.
I just received the 5498 form. It has the $465 for 2021. Do I need to do anything to update my taxes? I didn’t enter any Roth IRA info since I’d withdrawn all funds.
Thank you!
June 8, 2022
11:44 AM