Understanding the purpose of a tax form or schedule is never a pleasant experience. That's why we created a comprehensive tax form library, showcasing the most frequently used tax forms and schedules you may encounter. We believe the process of staying compliant with your taxes should be as effortless as possible.
General Information
- What is the form number? Form 5498
- What government agency is it filed with? The Internal Revenue Service (IRS)
- What is the form name? IRA Contribution Information (Info Copy Only)
- What is this form about? Form 5498 is a financial document that provides information about contributions made to certain types of tax-advantaged retirement or investment accounts. It is typically generated and distributed by financial institutions, such as banks or brokerage firms. This form reports contributions made to accounts like Individual Retirement Accounts (IRAs), including both traditional and Roth IRAs, as well as Coverdell Education Savings Accounts (ESAs) and Health Savings Accounts (HSAs). It serves as a record of the contributions made during the tax year, which can be valuable for individuals when they are preparing their taxes or monitoring their retirement or investment accounts.
What does it look like?
Resources
Looking for more information about this form? Here are some helpful resources:
- About the form - https://www.irs.gov/forms-pubs/about-form-5498
- Example copy of the form - https://www.irs.gov/pub/irs-pdf/f5498.pdf
- Form instructions - https://www.irs.gov/pub/irs-pdf/i1099r.pdf
How can we help you today?
Looking for more information about this or other tax forms? The tax team at DiMercurio Advisors are tax compliance experts. We are passionate about ensuring you are well-informed and in control of your tax situation.
