After almost completing all input to TurboTax (including importing everything from Fidelity), I received a "corrected" 5498 form with a revised box 5 (fair market value) on my Roth IRA. I can't find the FMV of the Roth IRA anywhere in the TurboTax program/forms. Is the FMV of a Roth something that is anywhere in your Federal or State (Michigan) tax forms? I understand I must retain the 5498 but do I need to "correct" anything? TIA
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No, the fair market value of your Roth IRA is not needed on any of your tax forms. There is nothing that you will need to correct.
No, the fair market value of your Roth IRA is not needed on any of your tax forms. There is nothing that you will need to correct.
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