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New Member
posted Apr 30, 2021 11:07:43 AM

Where do I enter the information from 5498 IRA Contribution information concerning a conversion from traditional IRA to Roth?

This money, as I understand it, is received as ordinary income for 2020 but is now residing in my Roth IRA account

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Expert Alumni
Apr 30, 2021 12:42:10 PM

You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax - generally you will find the information you need to enter into your return about your IRA contributions on Form 1099-R.  There is no filing requirement for Form 5498 - just retain it for your records.

 

If you don't have your Form 1099-R, you will need to obtain a copy.  You can contact your IRA custodian or download a copy by logging in to your account.