How do I report my SEP IRA contribution for the year 2024 before my broker sends out the tax document before April?

[jade70]

I've always contributed my personal IRA for the year before tax filing. However, the broker always sent the tax document after April after I filed my tax already. I assume that the tax document for SEP IRA will be sent out the same as my personal IRA after April. Thanks

[VolvoGirl]

What form do you get after April?  The 5498?   You enter your contributions from your own records.  You don’t need the 5498.  

[jade70]

thanks for the answer.

2024 was my first year of contribution for SEP IRA, so I don't know what form I will receive.  Yes, I do have own record

[AmyC]

Form 5498 will be sent for your SEP IRA. If you are a self-employed individual or a business owner making contributions to your own SEP IRA, you will also need to report these contributions on your tax return. For self-employed individuals, the contributions are typically deducted on Schedule C (Form 1040) or Schedule F (for farmers), and the total contributions are also reported on Form 1040. 

You can go ahead and file since you know the amount.