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Roth IRA fair market value: where to declare it or does it need to be declared?
After almost completing all input to TurboTax (including importing everything from Fidelity), I received a "corrected" 5498 form with a revised box 5 (fair market value) on my Roth IRA. I can't find the FMV of the Roth IRA anywhere in the TurboTax program/forms. Is the FMV of a Roth something that is anywhere in your Federal or State (Michigan) tax forms? I understand I must retain the 5498 but do I need to "correct" anything? TIA
‎February 24, 2024
6:04 AM