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rmombev
New Member

Fidelity gave me form 5498 not 1099

why fidelity did not give me a 1099
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1 Reply
KrisD15
Expert Alumni

Fidelity gave me form 5498 not 1099

Form 5498 is an INFORMATIONAL form you get which lists things like the contributions you made and the value of your account. 

You might REFER to it, for example to enter the amount you contributed for this tax year, but the form itself is not enter on your tax return. 

It also should tell you if you need to take a RMD (Required Minimum Distribution)

 

If you are unsure, take your Form 5498 to the bank or financial institution that holds your account (Fidelity) and ask them to explain it to you. 

 

You would only get a 1099 if you made a distribution, and took money out or if you rolled-over the funds into a different account. 

Did you take a distribution or do a roll-over? If not, you won't get a 1099. 

 

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