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Level 1

What do i do with form 5498

 
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Level 7

What do i do with form 5498

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.