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Level 1
January 25, 2024
Question

Where do you enter IRA contribution information from Form 5498 (not 1099R)?

  • January 25, 2024
  • 2 replies
  • 35 views
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2 replies

VolvoGirl
Level 15
January 25, 2024

Did you make a IRA contribution in 2023?  You don't enter the 5498.  

 

Enter IRA contributions under

Federal On left

Deductions and Credits

Then scroll down to Retirement and Investments

Traditional and ROTH IRA Contributions - Click the Start or Update button

 

DoninGA
Level 15
Level 15
January 25, 2024

A Form 5498 is not entered on a tax return.

 

If you made a contribution to an IRA in 2023 enter the contribution you made on your tax return.

 

To enter, edit or delete an IRA contribution -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Retirement and Investments
On Traditional and Roth IRA Contributions, click the start or update button