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February 6, 2022
Question

Roth IRA

  • February 6, 2022
  • 1 reply
  • 0 views

hi all!  I contributed to a Roth IRA in 2021 and see a 5498 in my account portal right now.  Do I need to submit/input this 5498 when I do my 2021 taxes in TurboTax?

 

Also, my sister is about to contribute to her 2021 Roth IRA (hope it's not too late) and I was wondering if that it is in fact true, that we need to input 5498 to file our 2021 tax return, that will it be too late for her ?  since all the 5498's presumably are already generated for the 2021 tax year yet....

 

Thank you in advance! I really appreciate any help you can provide!

    1 reply

    DoninGA
    Employee
    February 6, 2022

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

    Contributions to an IRA for tax year 2021 can be made at any time up through April 18, 2022