You don't need to enter information from your Form 5498 into TurboTax as you do with a W-2 or 1099s. This
form is to report contributions, including any catch-up contributions, required
minimum distributions (RMDs), and the fair market value (FMV) of your
retirement account.
Keep Form 5498 with your records for future reference when you need to determine the end of year value or your investment basis in non-deductible or Roth IRAs.