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Deductions & credits
NO ... you must amend the 2020 & 2021 returns to address the distributions on the 1099-SA forms before the IRS sends a notice with a bill. The form 5498 is informational only and should just reflect the contributions already reported on the W-2 and the current value of the account which is not entered on the return at all.
‎January 12, 2023
4:38 AM