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What do I do with Form 5498?

SOLVEDby TurboTax25238Updated 3 weeks ago

You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax like you do with a W-2 or 1099s. In most cases, you'll find the info needed for your return on other paperwork, such as a year-end summary statement or a Form 1099-R.

Keep Form 5498 with your records for future reference when you need to determine the end-of-year value or your investment basis in non-deductible or Roth IRAs.

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