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April 16, 2022
Question

I have a tax form from a life insurance that is paid out each month and I can't find a form to enter any information on my fathers taxes. form 5498? where do I enter this

  • April 16, 2022
  • 1 reply
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1 reply

ColeenD3
April 16, 2022

Form 5498 is not reported on your return. Form 1099-R is.

 

Form 5498 reports your total annual contributions to an IRA account and identifies the type of retirement account you have, such as a traditional IRA, Roth IRA, SEP IRA or SIMPLE IRA. Form 5498 will also report amounts that you roll over or transfer from other types of retirement accounts into this IRA.