I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

Does the 5498 need reported showing the total rollover from the distribution?

posted

The 5498 itself does not get entered on your return. When you enter the 1099-R for the rollover, Turbotax will ask if you rolled it over to a ROTH IRA answer no to that question, and that is all you have to do.

How can TurboTax help to change the value of "Total IRA distributions" reported on the IRS Tax Return Transcript to the correct value which is half of what's reported?

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I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

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I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

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I received a 1099-R along with a form 5498 for a total pension distribution to a traditional IRA. After reporting the 1099-r, where does the 5498 go to show 0 in taxes?

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