5498

[romantor]

when turboz tax asked to enter the value of the 5498 why dies it also say in a separate question that the value should include all the contributions made or will make in 2025 for 2024.  Doesn't the 5498 report the deductible pretax fund in the traditional.IRA. so how would turbotax differentiate whether my contribution made in 2025 or will make in 2025 is deductible or not? not sure the purpose of the question

[MindyB]

The purpose of the question is to include any contributions that you made in 2025, but designated to be 2024 contributions. These amounts won't be on the 5498 because they were made after the end of the year. 

Here is some information on making contributions before 4/15 after the end of the year: Traditional IRA Tax Benefits