You'll need to sign in or create an account to connect with an expert.
No. The 5498 is information only and does not go on a tax return. Roth contributions are not reportable on a tax return.
As long as you opened the account by 5/17 then there is nothing you need to do UNLESS the contribution makes you eligible for the "Saver's Credit" form 8880. https://www.irs.gov/pub/irs-pdf/f8880.pdf
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
DR2003
New Member
sdn1
Level 1
Sharony
New Member
Sharony
New Member
johnreeves42
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.