No, you don't need to report Form 5498.
Form 5498
is for informational purposes only and is not reported on your income tax
return. The form reports your annual IRA
contributions, defines the type of retirement account you have, it also reports
any rolled over or transferred amounts from different types of retirement
accounts.
For more
information on form 5498, please refer to the link below:
http://blog.turbotax.intuit.com/tax-tips/what-do-you-do-with-form-5498-2-153/
https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/What-Is-IRS-Form-5498-/INF14779.html
