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New Member
posted Mar 27, 2022 10:43:35 AM

Will an IRA contribution amount show up on Form 5498 if we did not contribute?

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2 Replies
Level 15
Mar 27, 2022 11:06:37 AM

if you filed claiming a deduction,

either make the payment by April 18th, or amend your tax return.

If you e-Filed, you can e-File Form 1040-X once.

Expert Alumni
Mar 27, 2022 11:10:15 AM

No, if you have an IRA but made no contributions for the year, the custodian generally won't send you a Form 5498 unless you have a required minimum distribution from the account.