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Do I enter the rollover contributions on Form 5498 Box 2 as contribution?
My 401k was transferred to a safe harbor IRA. I received Form 5498, with an amount in Box 2 (Rollover Contribution). Should I enter this as an IRA contribution?
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posted
July 10, 2023
6:39 AM
last updated
July 10, 2023
6:39 AM


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Do I enter the rollover contributions on Form 5498 Box 2 as contribution?
Form 5498 is not entered into your tax return. it is for your information only.
you will receive a form 1099-R to reflect the transaction. THAT should be entered into your tax return.
July 10, 2023
7:15 AM
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Do I enter the rollover contributions on Form 5498 Box 2 as contribution?
Should I enter this as an IRA contribution?
No...it was Not a contribution...it was a ROLLOVER.
July 10, 2023
7:38 AM
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