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Level 1
March 9, 2022
Question

Fair market value

  • March 9, 2022
  • 1 reply
  • 1 view

Where on your tax return do you put fair market value reported to IRS from 2021 IRA minimum distribution  statement

    1 reply

    Level 15
    March 9, 2022

    You should have received a Form 1099-R with the amount of your required minimum distribution (RMD).  The following link will show you how to enter that form.

    If you are referring to the Form 5498, this is not a tax reporting document for your personal return. It is information return required by the IRS by the institution holding your IRA.

     

    [Edited: 03/09/2022 | 1:04p PST]

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