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1099 R form shows amount of rollover but I also received a 5498 form that shows the fair market value of ira account; where does this information go?
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1099 R form shows amount of rollover but I also received a 5498 form that shows the fair market value of ira account; where does this information go?
To see where to enter your Form 1099-R into TurboTax Online, please see the following TurboTax FAQ, "Where do I enter my 1099-R?":
https://ttlc.intuit.com/replies/4194737
You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax - generally you will find the information you need to enter into your return about your IRA contributions on Form 1099-R.
There is no filing requirement for Form 5498 - just retain it for your records.
For information about how to enter your IRA contributions into TurboTax, please see the following TurboTax FAQ, ", "Where do I enter my Traditional or Roth IRA?":
https://ttlc.intuit.com/replies/5581631
For more information about Form 5498, please see the following TurboTax FAQ, "What do I do with Form 5498?":
https://ttlc.intuit.com/replies/3301419
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