Information about Form 5498, IRA Contribution Information (Info Copy Only), including recent updates, related forms and instructions on how to file. File this form for each person for whom you maintained any individual retirement arrangement (IRA), including a deemed IRA under section 408(q).
The information on Form 5498 is submitted to the IRS by the trustee or issuer of your individual retirement arrangement (IRA) to report contributions, including any catch-up contributions, required minimum distributions (RMDs), and the fair market value (FMV) of the account. For information about IRAs, see Pubs. 590-A, 590-B, and 560.
Understanding Form 5498. Form 5498 reports various types of IRA contributions you make in a number of reporting boxes. Box 1 shows the amount you contributed to a traditional IRA; box 9 reports the amounts contributed to a Savings Incentive Match Plan for Employees (SIMPLE) IRA and box 10 covers the amounts you put into a Roth IRA.
Instructions for Forms 1099-R and 5498 - Introductory Material . ... In addition, Form 5498, IRA Contribution Information, must be filed to report any regular, rollover, Roth IRA conversion, SEP IRA, or SIMPLE IRA contribution to an IRA that is subsequently revoked or closed by the trustee or custodian.
Form 5498 must also be filed with the IRS by May 31. Contributions for the previous tax year made up until April 15 are included on Form 5498 for traditional and Roth IRA accounts, so many IRA account holders receive won't receive this information until May, but you should certainly have it in your own records.
Form 5498 IRA Contribution Information is information for your personal records and is not required to prepare your tax return. Taxpayers should retain this information for their personal records, but there are no tax consequences to the taxpayer until the funds are distributed from the account.
2018 Form 5498 IRA Contribution Information (Info Copy Only) 2018 Instructions for Forms 1099-R and 5498, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. and IRA Contribution Information
Download Fillable Irs Form 5498 In Pdf - The Latest Version Applicable For 2019. Fill Out The Ira Contribution Information Online And Print It Out For Free. Irs Form 5498 Is Often Used In Irs 5498 Forms, U.s. Department Of The Treasury - Internal Revenue Service, United States Federal Legal Forms And United States Legal Forms.
The information on Form 5498 is submitted to the Internal Revenue Service by the trustee or issuer of your individual retirement arrangement (IRA) to report contributions, including any catch-up contributions, required minimum distributions (RMDs), and the fair market value (FMV) of the account. For information about IRAs,
Forms 1099-R and 5498 and their instructions, such as legislation enacted after they were published, go to IRS.gov/Form1099R or IRS.gov/Form5498. What’s New Escheat to state. Payments from IRAs to state unclaimed property funds under escheat laws must be reported on Form 1099-R. See IRA escheatment, later. Reminders In addition, see the 2019 ...