Get Irs 5498 2017-2026

Filling out the IRS 5498 form online is an important step for reporting contributions to your individual retirement account (IRA). This guide provides clear, step-by-step instructions to help you complete the form accurately and efficiently.

Follow the steps to fill out the IRS 5498 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the trustee's or issuer's name, street address, city or town, state or province, country, and ZIP or foreign postal code in the designated fields.
3. In box 1, input the amount of IRA contributions made during the tax year, excluding amounts in boxes 2-4, 8-10, 13a, and 14a.
4. In box 2, record any rollover contributions made in the tax year.
5. For box 3, enter the amount converted from a traditional IRA or other types of IRAs to a Roth IRA.
6. If applicable, fill in box 4 with recharacterized contributions.
7. Report the fair market value of the account in box 5.
8. For endowment contracts, fill in box 6 with the life insurance cost allocated to the amounts shown in box 1.
9. Indicate the type of IRA being reported in box 7.
10. In boxes 8 and 9, report SEP and SIMPLE contributions respectively.
11. In box 10, record the Roth IRA contributions made in the tax year.
12. If required, check box 11 if a required minimum distribution (RMD) must be taken for the year.
13. Input the RMD date in box 12a and the RMD amount in box 12b.
14. Fill out boxes 13a to 13c for any postponed contributions.
15. Report any repayments in boxes 14a and 14b.
16. In box 15a, indicate the fair market value of certain specified assets, as noted in box 15b.
17. Once all fields are completed, review for accuracy and then save your changes, download, print, or share the form as needed.

Take the time to complete your IRS 5498 online today for accurate reporting of your retirement contributions.