MelindaS1
Employee Tax Expert

Retirement tax questions

It's just an informational document that summarizes how much money was placed into your IRA retirement account this year. You don't have to enter any of the information into TurboTax for your tax return.

 

More detail about the 5498 on the TurboTax blog.

 

Learn more about your tax-advantaged IRA plan at the IRS instructions for Form 1099-R.

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