Why sign in to AnswerXchange?
Your IRS trustee or broker sends you Form 5498 just for your records, but they also send a copy to the IRS.
You don't need to enter information from this form into TurboTax.
Instead, enter your IRA contribution information from your year-end statement or 1099-R."
For information on the tax benefits of contributing to an IRA, see our TurboTax Blog.