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Where do I put information reported on Form 5498 document from financial firm?

How do I report on my tax return the information reported on Form 5498 document from the financial investment group holding the account.
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3 Replies

Where do I put information reported on Form 5498 document from financial firm?

Nowhere.  Form 5498 is information only to you.

 

If you made IRA contributions then those are reported in the IRA contribution interview.  If you had a distribution then that is reported on a 1099-R.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
ronz10j
New Member

Where do I put information reported on Form 5498 document from financial firm?

I changed brokerage firms for my traditional IRA and received Form 5498, do I need to report this on my taxes?

Where do I put information reported on Form 5498 document from financial firm?


@ronz10j wrote:

I changed brokerage firms for my traditional IRA and received Form 5498, do I need to report this on my taxes?


A Form 5498 is an informational form only.  It is not entered on a tax return.

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