Preparer for my mother, (and last year they are going to be) is wanting the ira form 5498 to compete her tax return. Why?
I asked what schedule and line number it is reported on that is sent to the IRS, have not gotten a response yet.
Have no idea what software they are using and do not remember them asking for the form in the past years either.
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Dose she have basis in her IRA and took distributions in 2018? Did she make contributions for 2018, or for 2017 that were paid in 2018?
Any of these are good reasons to ask for the 5498.
May I ask why yiou seem to be up in arms over this?
Dose she have basis in her IRA and took distributions in 2018? Did she make contributions for 2018, or for 2017 that were paid in 2018?
Any of these are good reasons to ask for the 5498.
May I ask why yiou seem to be up in arms over this?
To confirm that an IRA contribution was actually made?
Why so defensive about it, if the IRA *was* made?
IRA contributions are reported on page one, as an adjustment to income. Well, it *used* to be page 1....now it's Sch 1, which flows (sorta...) to page 1
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