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March 3, 2025
Question

I had post-tax dollars in an IRA, moved to a Roth IRA. 1099-R shows full amount as taxable. How do I get TurboTax to fill out form 5498?

  • March 3, 2025
  • 1 reply
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    1 reply

    March 3, 2025

    TurboTax will ask you for your nondeductible traditional IRA contributions when you indicate there is a rollover.  You do not file a 5498 with the IRS.  

     

    The IRA trustee files Form 5498, IRA Contribution Information for each person for whom in 2024 they maintained any individual retirement arrangement (IRA).