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Form 5498 is typically not directly entered on your tax return, but it is essential for your records and to report contributions to your IRA. You should keep this form for your files as it provides proof of contributions you made during the tax year. For your tax preparation, refer to IRS Instruction 1099-R & 5498 to ensure you are aware of any impacts these contributions may have on your overall tax situation. Accurate documentation can be beneficial for future audits.
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