I won't get my Form 5498 till May 2026 from Fidelity, and Turbo Tax online won't let me move past entering it How do I proceed?

[DoninGA]

A Form 5498 is an informational form only and is not entered on a tax return.

What are you trying to do?  What is the problem you are experiencing? 

[VolvoGirl]

Do you need the RMD amount?   The form you get in 2026 will probably be for the RMD you need to take  this year in 2026 not 2025.   You would have received the 2025 RMD amount in last year’s letter.   The 2025 RMD is based on the account balance on 12/31/24.

[dwmarquart]

I don't have an RMD, but my wife does - so they want her 5498 RMD info sent w 12/31/2024 balance and RMDs?

[DaveF1006]

TurboTax sometimes asks for your "Fair Market Value" (FMV) or RMD info to see if you met your requirements or if you have "basis" in a Traditional IRA.

For the 2025 RMD: You already have the info you need. The RMD you took in 2025 was calculated based on your December 31, 2024 balance.  Look at your Fidelity Year-End Statement for 2024. On the first few pages, there is usually a section labeled "Required Minimum Distribution Summary" that lists the exact 2025 RMD amount.

If the software is blocking you from continuing, it's usually because it wants to know if you made a contribution or if you took your full RMD.

1. Use your 1099-R (which Fidelity already issued in January). When you enter the 1099-R, TurboTax will ask, "Was this an RMD?" and "Was all or part of this the required amount?" 
2. If the software insists on a 5498 number, simply use your December 31, 2024 balance from your statements. This is the "Fair Market Value" that the IRS uses to track RMD compliance.