topic I received a form 5498 as a beneficiary of a death withdrawl. Do I claim the money received and the tax paid? in Retirement tax questions

I received a form 5498 as a beneficiary of a death withdrawl. Do I claim the money received and the tax paid?

Jlovejoy407 — Wed, 28 Jan 2026 06:23:07 GMT

Re: I received a form 5498 as a beneficiary of a death withdrawl. Do I claim the money received a...

KrisD15 — Wed, 29 Jan 2025 14:32:06 GMT

Form 5498 is INFORMATIONAL only, it is not reported on a tax return.

I assume you inherited an IRA which is not taxable, however how it is treated regarding distribution requirements vary depending on your relationship to the original owner.

There should not be any taxes paid listed on the 5498.

More information about inherited IRA

Re: I received a form 5498 as a beneficiary of a death withdrawl. Do I claim the money received and the tax paid?

Opus 17 — Wed, 29 Jan 2025 14:50:41 GMT

Do you mean you inherited an IRA and got a 1099-R? Did you cash out the IRA all at once? (You had other options).