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Where do I enter information from a corrected form 5498-SA that I received?

The form is for tax year 2019, and it was sent to me along with my 2020 form.  The 2019 form says "Corrected", but I don't know what to do with it.
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3 Replies

Where do I enter information from a corrected form 5498-SA that I received?

You don't need to do anything with the form. Form 5498 is for informational purposes only. You are not required to file it with your tax return.

kdc4Him
Returning Member

Where do I enter information from a corrected form 5498-SA that I received?

The IRA information form 5498 was sent to me, but I did not see where to add this form to 2020 TubroTax Premier.

 

thanks,

JohnB5677
Expert Alumni

Where do I enter information from a corrected form 5498-SA that I received?

The IRS Form 5498 is an IRS tax form that reports contributions, rollovers, conversions, recharacterizations and year-end fair market value for traditional IRA, SEP-IRA, SIMPLE IRA, Roth IRA and Inherited IRA contracts.

 

It is an information form and does not have to be entered into your tax return.

 

Keep Form 5498 with your records for future reference when you need to determine the end of year value or your investment basis in non-deductible or Roth IRAs.

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