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seersha1
New Member

Where do i enter the money i took out from ira and the taxes i paid on it?

i received a 5498 form but it only states the account info and not the details of withdrawal and taxes withheld. a letter accompanying this form has that info on it.
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2 Replies

Where do i enter the money i took out from ira and the taxes i paid on it?

You should have or will receive a Form 1099-R from the plan administrator to report the distribution and the taxes withheld on your tax return if the withdrawal occurred in 2023.

Where do i enter the money i took out from ira and the taxes i paid on it?

You don't enter the 5498.  You should have a 1099R .  You have to enter it from the 1099R.  Ask the plan for another copy or maybe you have to log into your IRA account to get a copy.

 

 

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