Form 5498 details IRA contributions, required minimum distributions (RMDs), Roth IRA conversions, rollovers, and the fair market value (FMV) of IRA accounts. Form 5498 reports IRA contributions ...

IRA contributions are often tax-deductible, but your eligibility for a full, partial, or no deduction depends on factors like ...

529 to Roth IRA rollovers can be made beginning in 2024 ... so a 1099-Q will be generated if funds are distributed from a 529 plan, and the Form 5498 will be received from the Roth contributions ...

While this IRS change now allows after-tax money from company plans to be converted to Roth IRAs tax ... to track down form 5498 for prior years, which would also show if IRA contributions were ...

Any Roth IRAs you own are not counted in ... Keep these forms and the accompanying tax returns. Also hold on to Form 5498, which shows your IRA contributions and balances for the year, and Form ...

Confused about your 1099-R and 1099? Learn the key differences between these tax forms and how they impact your taxes.