Get the free Form 5498
Show details
This form is used to report contributions and the fair market value of Individual Retirement Arrangements (IRAs), Simplified Employee Pensions (SEPs), or Savings Incentive Match Plans for Employees
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign form 5498
Edit your form 5498 form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your form 5498 form via URL. You can also download, print, or export forms to your preferred cloud storage service.
Editing form 5498 online
Follow the steps below to benefit from the PDF editor's expertise:
1
Log in. Click Start Free Trial and create a profile if necessary.
2
Simply add a document. Select Add New from your Dashboard and import a file into the system by uploading it from your device or importing it via the cloud, online, or internal mail. Then click Begin editing.
3
Edit form 5498. Add and replace text, insert new objects, rearrange pages, add watermarks and page numbers, and more. Click Done when you are finished editing and go to the Documents tab to merge, split, lock or unlock the file.
4
Get your file. When you find your file in the docs list, click on its name and choose how you want to save it. To get the PDF, you can save it, send an email with it, or move it to the cloud.
With pdfFiller, it's always easy to work with documents.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out form 5498
How to fill out Form 5498
01
Gather your retirement account information, including the name of the financial institution and the type of retirement account.
02
Enter your personal information, such as your name, address, and Social Security Number.
03
Fill out the account information section, including the account number and the type of account (e.g., IRA, Roth IRA).
04
Indicate the year for which you are reporting contributions to the account.
05
Report the contributions made to your retirement account, including any rollover amounts.
06
Include the fair market value of your account as of December 31st of the reporting year.
07
Review the form for accuracy and completeness before submitting it.
08
Submit the form to the IRS by the due date, typically by May 31st of the year following the reporting year.
Who needs Form 5498?
01
Individuals who have made contributions to a traditional IRA, Roth IRA, SEP IRA, or SIMPLE IRA.
02
Financial institutions that manage qualified retirement accounts must file Form 5498.
03
Anyone who has rolled over funds from one retirement account to another needs this form to report the rollover.
Fill
form
: Try Risk Free
People Also Ask about
Do I have to report 5498-SA on my tax return?
The trustee of your HSA, Archer MSA, or MA MSA may provide other information about your account on this form. Note: Don't attach Form 5498-SA to your income tax return. Instead, keep it for your records.
Do I need to report form 5498 on my tax return?
You aren't required to do anything with Form 5498 because it's for informational purposes only. Please be sure to keep this form for your records as you'll need this information to calculate your taxable income when you decide to take distributions from your IRA.
Who uses form 5498?
Anyone who owns an IRA should get a Form 5498 each year for each IRA they own.
What is the difference between a 1099 and a 5498?
Form 1099 is used to report distributions and associated tax withholdings, while Form 5498 reports contributions, rollovers, FMVs, and RMDs. Both serve different purposes but are essential for accurate tax reporting. If you take a distribution and make contributions in the same year, you will likely receive both forms.
Do I need to report form 5498 on my tax return?
You don't have to file this form with your tax return. The financial institution that issued it will share this information with the IRS. Form 5498 can help you keep track of contributions you've made to a traditional IRA, Roth IRA, SEP IRA, or SIMPLE IRA.
Why did I receive a form 5498?
When you save for retirement with an individual retirement arrangement (IRA), you probably receive a Form 5498 each year. The institution that manages your IRA is required to report all contributions you make to the account during the tax year on the form.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is Form 5498?
Form 5498 is an informational tax form used to report contributions to individual retirement accounts (IRAs), including traditional IRAs, Roth IRAs, and other types of retirement plans.
Who is required to file Form 5498?
Form 5498 is typically filed by the trustee or custodian of an IRA for each individual who has an account in the respective year.
How to fill out Form 5498?
To fill out Form 5498, the trustee or custodian must provide details such as the account holder’s name, address, Social Security number, the type of IRA, and the amount of contributions made during the year.
What is the purpose of Form 5498?
The purpose of Form 5498 is to report contributions made to IRAs to the IRS and to provide information that may affect the tax liabilities of the account holder.
What information must be reported on Form 5498?
Form 5498 must report the account holder's name, address, Social Security number, the type of IRA, the fair market value of the account, and the amounts contributed during the tax year.
Fill out your form 5498 online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Form 5498 is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
