@380812540 wrote:
I need to include a form 5498 on my tax return. It is not available in Turbotax....
What is my solution? This form states that the 1099 filed in association with it does not require
taxes to be paid on the distribution.
The form 5498 is information only to you and does not go on a tax return. It it is for the financial institution to report to the IRS any transactions and other information and they send you a copy for your records. Anything that is on the form that needs reporting on your tax return is entered in the 1099-R or IRA contribution section.
**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.**
