This information request on TurboTax does not make sense, since Form 5498 reports the reportable contribution for tax year 2024, not the total value of your traditional IRA account as of December 31, 2024. Contributions can be made up to April 15, 2025 for tax year 2024, so Form 5498 won't be available until sometime in May 2025. I discussed this with a Vanguard representative and their tax document and information page explains the 5498 form. I believe TurboTax has this question worded incorrectly.
