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February 11, 2020
Question

Form 5498 shows line 15a as "FMV of certain specified assets" and line 15b has code "A". Does this information need to be entered on the Federal return?

  • February 11, 2020
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1 reply

ColeenD3
February 11, 2020

No.

Form 5498IRA Contributions Information reports your IRA contributions to the IRS. Your IRA trustee or issuer—not you—is required to file this form with the IRS by May 31. You won't find this form in TurboTax, nor do you file it with your tax return. The copy you receive in the mail is a copy for your records