I recieved a 2019 Form 5498 that shows my Roth IRA and IRA contributions. For 2019 it showed that I made 0 contributions to the Traditional IRA, but had a rollover contribution of $1300 (box 2). For the Roth IRA, I reported that I contributed $6000, but had a Rollover Contribution of $4000 (box 2). What does the rollover contribution in box 2 mean? I was unaware of these rollover contributions and I do not remember filing anything in 2019 or getting other documentation to submit from Vanguard pertaining to this rollover (only the 1099-DIV and 1009-INT forms). Do I need to do anything further?
The Instructions for form 5498 for 2019 (probably the same every year) are at the bottom...
Rollovers are not taxable and frequently administrators do not send out 1099-Rs. Therefore, they normally do not affect your tax return (the 5498 itself is informational in nature and does not get entered on your tax return).
From a tax point of view, there is no problem, but as a taxpayer, I would be curious who was putting money into my accounts (it's probably an innocent explanation).
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Box 2. Rollover Contributions
Enter any rollover contributions (or contributions treated as rollovers) to any IRA received by you during 2021. These contributions may be any of the following.
A 60-day rollover between Roth IRAs or between other types of IRAs.
A direct or indirect (within 60 days) rollover from a qualified plan, section 403(b) plan, or governmental section 457(b) plan.
Any qualified rollover contribution, as defined in section 408A(e) from an eligible retirement plan (other than an IRA) to a Roth IRA.
A military death gratuity.
An SGLI payment.