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As the extended business deadline quickly approaches, we have put together the most commonly asked questions. View Lacerte Hot Topics.
As the extended business deadline quickly approaches, we have put together the most commonly asked questions. View Lacerte Hot Topics.
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- Re: How do I report an IRA rollover contribution?
How do I report an IRA rollover contribution?
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msindc1
Level 4
12-23-2021
08:51 AM
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Client received a Form 5498 that reports a small rollover to an IRA. How do I report that in Lacerte?
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qbteachmt
Level 15
12-23-2021
11:08 AM
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You won't report a 5498. That's used to prove the money was received, and that is not reportable. It's part of the documentation you want to keep.
You will be reporting a 1099-R, which is issued from the broker or institution that gave away the funds.
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