topic How am I supposed to enter my traditional IRA contribution information as of 31 December 2025, when I won't get my 5498 until mid-May? in Retirement tax questions

How am I supposed to enter my traditional IRA contribution information as of 31 December 2025, when I won't get my 5498 until mid-May?

unclemikey — Sat, 14 Feb 2026 21:24:13 GMT

"Enter the total value of all of Michael's traditional IRA, SEP, and SIMPLE IRA accounts on December 31, 2025. This information is sent by mail on Form 5498. Do not include Roth IRAs." But of course I won't have a 5498 until mid-May. How is THAT supposed to work?

Re: How am I supposed to enter my traditional IRA contribution information as of 31 December 2025, when I won't get my 5498 until mid-May?

baldietax — Sat, 14 Feb 2026 21:28:08 GMT

misleading prompt by Turbotax - presumably this is for 1099-R / Form 8606 - use your year-end statements per IRS Form 8606 line 6 instructions:

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

Enter the total value of all your traditional IRAs as of

December 31, 2025, plus any outstanding rollovers. A

statement should be sent to you by January 31, 2026,

showing the value of each IRA on December 31, 2025.

Re: How am I supposed to enter my traditional IRA contribution information as of 31 December 2025, when I won't get my 5498 until mid-May?

VolvoGirl — Sat, 14 Feb 2026 21:28:58 GMT

The 5498 tells you the amount you need to take out for the RMD. Don’t know if it has the 12/31 balance on it. You need to look at your December 31 account statements which you should have received by now or you can look at your account online.

Re: How am I supposed to enter my traditional IRA contribution information as of 31 December 2025, when I won't get my 5498 until mid-May?

dmertz — Sat, 14 Feb 2026 23:32:19 GMT

The needed balance is required to be present on the year-end statement for the traditional IRA.

Re: How am I supposed to enter my traditional IRA contribution information as of 31 December 2025, when I won't get my 5498 until mid-May?

NewDawn — Sat, 14 Mar 2026 00:11:16 GMT

is "Traditional IRA" the same thing as a "Rollover IRA"?

Re: How am I supposed to enter my traditional IRA contribution information as of 31 December 2025...

DawnC — Sat, 14 Mar 2026 00:28:15 GMT

Not exactly, but they are similar for tax purposes. A traditional IRA is a standard individual retirement account you fund with personal contributions. A rollover IRA is used to receive funds rolled over from an employer plan. Where do I enter my traditional or Roth IRA contributions?

@NewDawn