dmertz
Level 15

Retirement tax questions

Only IRAs issue Forms 5498.  Your 457(b) plan is not an IRA.  Nothing regarding your 457(b) plan is to be entered when TurboTax asks for the year-end balance in your traditional IRAs.

The year-end balance in your traditional IRAs is just that, the sum of the FMVs of your traditional IRA accounts on December 31.

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