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February 16, 2022
Question

Hello, I got 5498-QA Tax Form from my able account, the turbotax app said that i don't need to enter information to this form just for my record. Am I good to go?

  • February 16, 2022
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1 reply

February 17, 2022

Yes, you don't need to enter your 5498-QA in your Federal return.  However, your state interview may ask if you made contributions, so you may get a tax benefit there.

 

Click this link for more info on ABLE Accounts