Which type of IRA account do I have?

Walshc007 · ‎March 9, 2025

I received form 5498 from my bank that my account belongs to. However, under line 7 it says, IRA so I don't know if this is a Roth or traditional?

MaryK4 · ‎March 9, 2025

There is a separate entry for IRA and Roth IRA for Box 7 on the 5498. so if yours says IRA, it would be a traditional IRA.

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MaryK4 · ‎March 9, 2025

There is a separate entry for IRA and Roth IRA for Box 7 on the 5498. so if yours says IRA, it would be a traditional IRA.

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