Have a Tax Question? Ask a Tax Expert
the 5498 form reports IRA contributions including any catch-up contributions, required minimum distributions (RMDs), and the fair market value (FMV) of the account.
Box 5. Shows the FMV of all investments in your account at year end.
You woudl use that amount to calculate RMD and taxable part of distribution if there were before tax IRA contributions in prior years.
Most likely - you do not need that information fro your tax return.