What is Form 5498?

Last modified 9/26/2023 9:25:46 AM EST

The IRS Form 5498, IRA Contribution Information, is a tax return used by a trustee or issuer to report IRA contributions to the IRS. This form contains information about contributions made to IRAs for the tax year by the participant. Contributions may include catch-up contributions, rollovers, Roth IRA conversions, required minimum distributions (RMDs), and the fair market value (FMV) of the account.

File with TaxBandits:

TaxBandits assists you in e-filing Form 5498 for the tax year 2020. Sign up for a free TaxBandits account to begin e-filing Form 5498. We also support the postal mailing of participant copies.