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New Member
posted Jun 7, 2019 3:37:46 PM

I have form 5498 IRA contribution information ...what do I do with it. I do not see it any where

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1 Best answer
Expert Alumni
Jun 7, 2019 3:37:48 PM

Don't do anything with the form 5498.

Form 5498 is for informational purposes only and is not reported on your income tax return.  The form reports your annual IRA contributions, defines the type of retirement account you have, it also reports any rolled over or transferred amounts from different types of retirement accounts. 

For more information on form 5498, please refer to the link below:

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

1 Replies
Expert Alumni
Jun 7, 2019 3:37:48 PM

Don't do anything with the form 5498.

Form 5498 is for informational purposes only and is not reported on your income tax return.  The form reports your annual IRA contributions, defines the type of retirement account you have, it also reports any rolled over or transferred amounts from different types of retirement accounts. 

For more information on form 5498, please refer to the link below:

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