How to enter indirect rollover from form 5498

christineelias · ‎February 18, 2026

I initially withdrew funds from IRA, then retracted that withdrawal with an indirect rollover

DavidD66

You don't use Form 5498 to report an IRA distribution/rollover. You should have received a Form 1099-R. When you enter your 1099-R, there will be a series of questions at the end. One of those questions will ask what you did with the money. Be sure to answer that you rolled ALL of the money into another qualified plan, or the same plan.

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