Why is TurboTax asking me to enter info from Form 5498? My financial institution does not have it ready, as it's not required to file taxes. I am not old enough for RMDs either.

[cindyohio1]

TurboTax is demanding this info, although my financial institution has not prepared the Form 5498 yet, and it's not required for filing the tax return.  

How can I get around this?   It's making me nervous that TT is requesting non-required info.

[baldietax]

which section is asking - did you do a backdoor Roth or other Roth conversion for example?  it's required for Form 8606.  The prompt to use 5498 is misleading, IRS instructs to use year-end brokerage statements for Line 6  on this form.

https://www.irs.gov/pub/irs-pdf/i8606.pdf

[cindyohio1]

Thank you!

This was related to converting a traditional IRA to a Roth IRA. 

Not sure why TurboTax required this info since it DID NOT use it on form 8606.  I.e., Part 1 was left blank, as it did not apply; only part 2 of form 8606 was filled out.

[DanaB27]

The value question is automatically trigged by entering a From 1099-R with the IRA/SEP/SIMPLE box checked.