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How do i enter IRA Rollover Form 5498

I received from on IRA Annuity a 1099 Gross distribution for with my account funds part of the funds I rolled over to an Fidelity IRA account and have received a form 5498 how do I enter the amount in turbotax Ulrich Fuchs


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Level 3

How do i enter IRA Rollover Form 5498

You don't enter Form 5498.  

When you entered your 1099-R (most likely with Code G), that automatically made your 1099-R distribution non-taxable.

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Level 3

How do i enter IRA Rollover Form 5498

You don't enter Form 5498.  

When you entered your 1099-R (most likely with Code G), that automatically made your 1099-R distribution non-taxable.

View solution in original post

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New Member

How do i enter IRA Rollover Form 5498

I agree , however the Bank issuing the 1099 didn't do this so it is a taxable event also withholding fed taxes.  How do I offset the deposit (withing 60 days) of the Funds into another IRA fund.???