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Level 2
February 15, 2022
Solved

Form 5498

  • February 15, 2022
  • 1 reply
  • 1 view

I received a Form 5498 (IRA Contribution Information) but did not receive a Form 1099-R.

Is there anything I need to do on my 2021 tax return?

    Best answer by DoninGA

    @Waltk34 wrote:

    I understand that Form 5498 is an informational form only and it is not entered on a tax return.

    My wife also received a Form 5498, however she also received a related 1099-R.

    Should I have received a related 1099-R also?


    If you did not receive a distribution from your retirement account in 2021 you will not receive a Form 1099-R.

    1 reply

    DoninGA
    Level 15
    Level 15
    February 15, 2022

    A Form 5498 is an informational form only and it is not entered on a tax return.

    Waltk34Author
    Level 2
    February 15, 2022

    I understand that Form 5498 is an informational form only and it is not entered on a tax return.

    My wife also received a Form 5498, however she also received a related 1099-R.

    Should I have received a related 1099-R also?

    DoninGA
    Level 15
    DoninGALevel 15Answer
    Level 15
    February 15, 2022

    @Waltk34 wrote:

    I understand that Form 5498 is an informational form only and it is not entered on a tax return.

    My wife also received a Form 5498, however she also received a related 1099-R.

    Should I have received a related 1099-R also?


    If you did not receive a distribution from your retirement account in 2021 you will not receive a Form 1099-R.