Form 5498

rperea99 · ‎February 17, 2026

I rolled over some 401k and 403b accounts to a financial company to Trad IRA around July of 2025 and now turbo tax wants the value of the trad, SEP and simple ira on Dec 31 2025 from form 5498. I have never received a form 5498 and when I log into the financial company it will not be ready until May 2026. What do I answer to move forward on this, since Turbo tax show " a value is required' ?

Opus 17

Add up your balances from your account statements. You should be able to get the year end balances from the brokers.

As a side comment, form 5498 is almost always issued late, because of the ability to make retroactive contributions means your 2025 contributions are not final until after April 25, 2026. But once the form is available it is a good idea to download a copy and keep it with your other tax papers in case you ever need to prove your contributions or the source of your funds.

Aussie

I had the same question so thank you for answering. I am curious why TurboTax asks for this information, what is it used for on the tax return? In my case I am reporting Traditional IRA rollover conversion to ROTH IRA