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New Member
posted Jun 6, 2019 4:56:52 AM

Received both 1099-5 and 5498

I rolled over my retirement savings from old places of business into a new Roth IRA. Dated first I received a 1099-R. Then I received a 5498 for the exact same amount. What do I do?

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New Member
Jun 6, 2019 4:56:53 AM

You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax - generally you will find the information you need to enter into your return about your IRA contributions on Form 1099-R.  '

To see how to enter your Form 1099-R into TurboTax, please see the following TurboTax FAQ, "Where do I enter my 1099-R?":

https://ttlc.intuit.com/replies/4194737

There is no filing requirement for Form 5498 - just retain it for your records.

For information about how to enter your IRA contributions into TurboTax, please see the following TurboTax FAQ, ", "Where do I enter my Traditional or Roth IRA?":

https://ttlc.intuit.com/replies/5581631

For more information about Form 5498, please see the following TurboTax FAQ, "What do I do with Form 5498?":

https://ttlc.intuit.com/replies/3301419