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Retirement tax questions
The 5498 is from the receiving end verifies that they received the funds as a rollover. That form is usually issued in May so if the rollover was after May then you probably will not receive it until the next May.
It is important to receive and keep the 5498 as proof of the rollover in case the IRS ever questions it.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎November 22, 2020
8:58 AM