Solved: I have a 5498 form from an IRA in box 5 giving a fair market value. No withdrawel Do I need to put this anywhere on my taxes
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glidewell3304
New Member

I have a 5498 form from an IRA in box 5 giving a fair market value. No withdrawel Do I need to put this anywhere on my taxes

 
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PaulaM
Employee Tax Expert

I have a 5498 form from an IRA in box 5 giving a fair market value. No withdrawel Do I need to put this anywhere on my taxes

No you do not need to enter the Form 5498 in your tax return. Keep for your records. If you made IRA contributions, then navigate to the IRA section to enter them.

https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/What-Is-IRS-Form-5498-/INF14779.html

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PaulaM
Employee Tax Expert

I have a 5498 form from an IRA in box 5 giving a fair market value. No withdrawel Do I need to put this anywhere on my taxes

No you do not need to enter the Form 5498 in your tax return. Keep for your records. If you made IRA contributions, then navigate to the IRA section to enter them.

https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/What-Is-IRS-Form-5498-/INF14779.html

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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