dmertz
Level 15

Retirement tax questions

"value" = Fair Market Value on 12/31, which should be the same as the amount shown in box 5 of the Form 5498.

 

Box 2 of the Form 5498 is the amount rolled over from some other retirement account, not the year-end FMV.  The account from which the rollover originated should have sent you a Form 1099-R that you would have entered.

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