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I had a traditional IRA at Wells Fargo Advisors. 1. In
I had a traditional IRA at Wells Fargo Advisors.1. In January 2018, I took the minimum required distribution from that account. 2. In March 2018, Wells Fargo Advisors made a trustee to trustee (direct… read more
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who prepares the form 5498 and why? JA: Have you talked to a tax professional about this? Customer: No JA: Anything else you want the Accountant to know before I connect you? Customer: I have a unique… read more
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Good Morning...just checking the web for an answer to my question...is this web site chargeable to answer a question ? … read more
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I opened a SEP-IRA with Fidelity a month ago and made a contribution
I opened a SEP-IRA with Fidelity a month ago and made a contribution which I would like applied to 2015 taxes for a business write-off. According to the IRS, a contribution made up to the tax deadline… read more
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I need to send a correction on my taxes HSA and was trying
Customer: I need to send a correction on my taxes for 2013 for my HSA and was trying to figure out what to do with box 5 on the 5498 form. Is that my employers contribution and do I put it on the 8889… read more
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I have an 2015 Form 5498 IRA Contribution Information form
I have an 2015 Form 5498 IRA Contribution Information form and I'm doing my taxes. In the section, 2015 IRA Contribution Information, It says the following: 2. Rollover contributions .... $50,173.89 5… read more
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Prior to April 15, 2015, our bankers advised us to simply "redesignate"
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Hi, I got Form 5498 for 2013 after filing form 1040. In form
Hi, I got Form 5498 for 2013 after filing form 1040. In form 5498 only box2(rollover contribution) and box 5 are used. Have I do amended tax return 2013? Thank you… read more
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A client received form 1099SA for and HSA gross distribution
A client received form 1099SA for and HSA gross distribution of $354.29 (Box #1) with distribution code of 1 (Box #3). She also recieved form 5498SA for total contributions made in 2013 of $430.00 (Bo… read more
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My parents withdrew money from their Traditional IRA, and received
My parents withdrew money from their Traditional IRA, and received a Substitute 5498 form from their bank. the withdrawl is listed on the form as a "Disbursement"....do they have to list this as an IR… read more
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i received a form 1099-r in 2010 whereby my 401k plan was rolled
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Sir, My Wifes mother passed away 11/03/09 and my wife is
Sir, My Wife's mother passed away 11/03/09 and my wife is the sole descendant. My wife's mother had an IRA of 30,300. I received a form 5498 from the bank showing the amount. How do I handle this? I a… read more
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Hi, I am completing my personal tax form. I have done IRA contributi&#
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When preparing 2008 fed return, we discovered about $1000 of
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My Dad received a Form 5498 for 2009 but there is no amount
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What is the difference between 1099-r and form 5498 My ...
What is the difference between 1099-r and form 5498 My father received monies from my mothers passing, should we have received the 1099-r or the 5498 form one 1099-r was received from the same company… read more
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I removed money from a 401K here is how it went. 1.
I removed money from a 401K here is how it went. 1. removed 2500.00 and rolled 4660.00 to and ira 2. I then removed 2000.00 from the ira leaving about 2400.00. Now. I have 3 1099-R forms + 1 5498 I en… read more
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