Fillable IRS Form 5498 – IRA Contribution Information

Form 5498 is the IRS‑issued IRA Contribution Information form that trustees and custodians use to report contributions, rollovers, conversions, and the year‑end fair market value of an Individual Retirement Account (IRA). While you don’t file this form with your tax return, keeping a copy is essential for accurate record‑keeping and future tax planning.

What Is Form 5498 and Who Needs It?

The form is prepared by the financial institution that holds your IRA and is sent to both you and the IRS by May 31 each year. It covers traditional, Roth, SEP, and SIMPLE IRAs, as well as any special distributions such as required minimum distributions (RMDs).

Key Sections of Form 5498 Explained

• Box 1 – Traditional IRA Contributions: Amount contributed for the tax year.
• Box 3 – Roth Conversions: Funds moved from a traditional IRA to a Roth IRA.
• Box 5 – Fair Market Value: Total value of the IRA on December 31.
• Box 7 – IRA Type: Check the box that matches your account (Traditional, Roth, SEP, SIMPLE).
• Box 11 – RMD Indicator: Shows whether a required minimum distribution is required for the next year.

How to Complete the Fillable Form 5498 on Formize

Formize makes the process seamless—no need to download, edit, and re‑upload the PDF. Just follow the steps below.

Common Mistakes to Avoid

• Leaving Box 7 unchecked – the IRS needs to know the IRA type.
• Reporting contributions in the wrong box (e.g., putting a Roth contribution in Box 1).
• Incorrect fair market value – double‑check the year‑end statement from your custodian.
• Missing the May 31 deadline for the custodian to furnish the form.

Download the Official PDF

Below is the official IRS PDF for Form 5498. You can view it directly or use the Formize fillable version for a faster, error‑free experience.

Download IRS Form 5498 (PDF)