No, Form 5498 doesn't need to be entered on your tax return, but some of the information on it is asked in the IRA contribution section. This form just provides proof of contributions made during the year and your year end value.
Here is how to enter your IRA contribution information:
- Use the search box to search for IRA contributions.
- Click on Jump to IRA contributions.
- Check the type of accounts you have, click Continue.
- Answer the questions according to your situation.
- Continue through the end of the section.
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