We took an additional $2,900 from our IRA and converted the $2,900 to a ROTH IRA. Within Turbo Tax I declared all $2,900 to not be an RMD and Turbo Tax is now asking for a form 5498, but the managers at American Funds say I'm not getting one as none of our activity has generated the need for one.
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You will not need to amend your return when you receive the 5498. It's a form just for your own information.
You will not need to amend your return when you receive the 5498. It's a form just for your own information.
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