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Retirement tax questions
Hello,
The form 5498 is an informational form for your purpose only. Please be sure to keep this form for your records as you'll need this information to calculate your taxable income when you decide to take distributions from your IRA.
The form 5498 reports to the IRS the contributions you made. On your original return did you include all contributions you made for the year? You would not need to amend your return just because of receiving the 5498 but you might want to take a look at it if you did not originally include all contributions to a traditional IRA>
I hope it helps, please let us know if you have any additional questions.
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Enjoy your day!!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎July 26, 2023
2:27 PM