Roth IRA fair market value: where to declare it or does it need to be declared?

rjcbbb — Tue, 10 Feb 2026 10:52:43 GMT

After almost completing all input to TurboTax (including importing everything from Fidelity), I received a "corrected" 5498 form with a revised box 5 (fair market value) on my Roth IRA. I can't find the FMV of the Roth IRA anywhere in the TurboTax program/forms. Is the FMV of a Roth something that is anywhere in your Federal or State (Michigan) tax forms? I understand I must retain the 5498 but do I need to "correct" anything? TIA

Re: Roth IRA fair market value: where to declare it or does it need to be declared?

AnnetteB6 — Sat, 24 Feb 2024 14:45:56 GMT

No, the fair market value of your Roth IRA is not needed on any of your tax forms. There is nothing that you will need to correct.

topic Roth IRA fair market value: where to declare it or does it need to be declared? in Retirement tax questions

Roth IRA fair market value: where to declare it or does it need to be declared?

Re: Roth IRA fair market value: where to declare it or does it need to be declared?