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seropiancarmen
April 5, 2024
Question

If I received Form 5498 IRA Contribution Information 2023 form after I already filed, do I have do an amendment. This is a rollover not income.

  • April 5, 2024
  • 1 reply
  • 0 views
A small IRA contribution was done, after my retirement.  I received 2023 Form 5498 IRA Contribution Information.  Does this need to be reported in my 2023 income taxes?  It wasn't income, merely a rollover.  Please advise...

1 reply

P
PaulaM
Employee
April 5, 2024

For purposes of the Form 5498, rollovers are considered 'contributions' even if they are not deductible. You do not need to amend or report on your 2023 taxes. Keep for your records. 

 

What Is IRS Form 5498: IRA Contributions Information?

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