Web13 lug 2024 · But, the 5498 does report an account's fair market value (FMV), which is used to complete Form 8606 when needed. Follow these steps to enter the IRA's fair market value: Go to Screen 13.1 Pensions, IRA Distributions. Scroll to the Form 8606 section. ... Entering Form 5498-SA for an individual. Web4 giu 2024 · 1 Best answer. June 4, 2024 1:22 PM. You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax - generally you will find the information you need to enter into your return about your IRA contributions on Form 1099-R. There is no filing requirement for Form 5498 - just retain it for your records.
Form 5498 SA Instructions for 2024 - Taxbandits
Web16 dic 2024 · Form 5498-SA is used by trustees and custodians of HSAs, Archer MSAs, and Medicare Advantage MSAs to report contributions to (and the fair market value of) these … Web5498 FORMS DRAKE ULTRATAX PROFX LACERTE GOSYSTEM 877.830.6059 • Gruntworx.com Populate. SUPPORTED FORMS ... • 1099-SA • SSA-1099 • Consolidated 1099 • 2439 • 5498-SA 5498-ESA • Grantor Letter as 1041 K-1 • Supporting Tax Documents top of cabinet ideas
Where do I enter Form 5498-SA? - Intuit
WebInst 1099-R and 5498. Instructions for Forms 1099-R and 5498, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 2024. 12/20/2024. Inst 1099-SA and 5498-SA. Instructions for Forms 1099-SA and 5498-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA and HSA, … Web6 mag 2024 · Form 5498 SA is an IRS tax form that reports information and distributions made to different types of health savings accounts. The health savings account can be a usual health savings account ( HSA ), Archer medical savings account ( MSA ), or Medicare Advantage MSA ( MA MSA ). These distributions can be amounts paid directly to any … WebWhat is Form 5498-SA used for? The purpose of Form 5498-SA is to report how much money is contributed to an HSA, Archer MSA or MA MSA over the course of a tax year. … pine rock wedding venue