Value of Traditional IRA

[dmboyle1518]

If I receive a letter instead of an official Form 5498 for a traditional IRA, am I still required to report the value?  Also, after entering the amounts from my 1099-Rs  (but w/o entering the total value) and then completing the Federal review,  TT does not show this as an error and ask me to insert the total value of all IRAs.  When using step by step, however; TT does ask me to include the total value. 

[JohnB5677]

The form 5498, and any other documentation regarding Traditional IRA contributions is simply informational and has no bearing on your current tax return.  However, please be sure to keep this form for your records because you may need this information to calculate your taxable income when you decide to take distributions from your IRA.

[fanfare]

As I was informed by Support, certain worksheets require the year end value.

It won't appear on your tax return if you don't need it there.

@dmboyle1518