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New Member
posted May 31, 2019 10:24:52 PM

Do I need to enter my Fidelity 5498 IRA form?

do I need to account for any activity in my IRA for 2016? I believe I funded it in 2015, and have just watched it over 2016.

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1 Best answer
New Member
May 31, 2019 10:24:52 PM

You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax - generally if you had reportable IRA contributions which you had made during the tax year, they would be reported to you 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

 

1 Replies
New Member
May 31, 2019 10:24:52 PM

You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax - generally if you had reportable IRA contributions which you had made during the tax year, they would be reported to you 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