Form 5498
is for informational purposes only and is not reported on your income tax
return. The form reports your annual IRA
contributions, defines the type of retirement account you have, it also reports
any rolled over or transferred amounts from different types of retirement
accounts.
If you made any IRA contributions, they are reported as follows:
- Federal Taxes
-
Deductions & Credits,
- Scroll
down to Retirements and Investments
- Select Traditional and Roth IRA Contributions
If you have made a rollover, you would report it when you receive form 1099-R:
- Federal Taxes
- Wages and Income
- Scroll down to Retirement
Plans and Social Security
- Select IRA, 401(k), Pension Plans (1099-R)
