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Roth IRA fair market value: where to declare it or does it need to be declared?

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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Accepted Solutions
AnnetteB6
Employee Tax Expert

Roth IRA fair market value: where to declare it or does it need to be declared?

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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1 Reply
AnnetteB6
Employee Tax Expert

Roth IRA fair market value: where to declare it or does it need to be declared?

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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