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June 4, 2019
Question

Do I enter all Form 5498 totals or just ones pertaining to 1099-R data entered? TurboTax asking for Form 5498 total.

  • June 4, 2019
  • 1 reply
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I entered 1099-R data. Next TurboTax wants me to enter total from Form 5498. Is that all Form 5498 totals for all IRAs or just from the financial institution the 1099-R is from?

1 reply

fanfare
Employee
June 4, 2019

if you have a basis it applies to the total of ALL your Traditional, SEP and SIMPLE IRAs.