Which type of IRA account do I have?

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?

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1 Best answer

Expert Alumni

Mar 9, 2025 10:56:14 AM

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.

Expert Alumni

Mar 9, 2025 10:56:14 AM

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.