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Level 2
June 5, 2019
Question

Where do you input form 5498

  • June 5, 2019
  • 1 reply
  • 2 views
I rolled over my Traditional IRA.  The receiving bank issued me form 5498.  Where do I enter this information

1 reply

Level 8
June 5, 2019

You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax like you do with a W-2 or 1099s. In most cases, you'll find the information needed for your return on other paperwork, such as a year-end summary statement or a Form 1099-R.

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.