KBTaxes
New Member

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 I had gained about $65 - so $465 total was withdrawn.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 I didn’t enter any Roth IRA info since I’d withdrawn all funds.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!