Rachel_W
Expert Alumni

Retirement tax questions

If no money was withdrawn from the ABLE account, you do not need to input the Form 5498-QA for your return.  This form is used when you need to determine the end of year value of your investment basis when you have a distribution.

Contributions to ABLE accounts are not deductible on your Federal Tax return; however, they may be deductible on your State return depending on where you live. 

Here are some links you may find helpful regarding ABLE Accounts:

If you have another question regarding ABLE accounts, please comment below so that I can assist you further.

View solution in original post