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Level 1
March 11, 2020
Question

IRA balance

  • March 11, 2020
  • 2 replies
  • 15 views

I need to re enter the correct yearend IRA balance but cant locate it in Turbo Tax Deluxe. Where is it?

2 replies

Level 15
March 11, 2020

The year-end balance of your IRA is found on form 5498 in box 5, which comes to you in the mail. This is labeled as "FMV" or Fair Market Value.

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Level 15
March 11, 2020

Click the Continue button on the Your 1099-R Entries page.