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Retirement tax questions
Thanks for the reply,
I do understand that I can add up totals from my year end statements and get a total for my Traditional IRAs. But why is it that totals from the year end statements don't match what Form 5498 shows. So, I wonder if I should leave the field blank in Turbo Tax, use the total from my year end statements, or use the figure provided on the Form 5498 when it arrives in May. I lean towards leaving it blank. I don't know that I want to record any more than what is being provided to the IRS which is the figure on the Form 5498.
I'm not sure what I am getting by recording the information in Turbo Tax.
Any thoughts?
‎February 13, 2022
2:06 AM