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Retirement tax questions
The "custodian" of your IRA, typically the bank or other institution that manages your account, will mail a copy of form 5498 to both you and the Internal Revenue Service. If you have an IRA but made no contributions for the year, the custodian generally won't send you a Form 5498 unless you have a required minimum distribution from the account.
Here is a link to a TurboTax article that discusses Form 5498.
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March 7, 2022
5:07 PM
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