@forrest4 wrote:
I need to get credit for $7,000 returned to my IRA within the time limit. I am told by Fidelity that my taxable withdrawals will be reduced by this amount and I should "reference form 5498". How do i do that?
Maybe by "reference the Form 5498" they mean for you to refer to your Form 5498; i.e., to look at it. Have you received your Form 5498 for 2019? If so, are the figures shown there prior to or after the return of the $7,000? I'm not a tax person, so I'm going to ask someone familiar with retirement tax situations to comment in this thread. It may or may not be today.
@dmertz Are you please able to assist here when you are next in the forum? Thanks!
