Form 5498

  • Updated

IRS Form 5498 is used to report your annual contributions, rollovers, conversions, recharacterizations, and year-end fair market values for Traditional, SEP, SIMPLE, Roth, and Inherited IRAs.

Digital Trust, as custodian of your IRA, provides a copy to you through the secure Document Center and files the form with the IRS no later than May 31 of each year. The copy provided to you is for your records and to share with your CPA or tax advisor as they complete your tax filings. 

Please note, IRA-to-IRA direct transfers are not tax reportable, and transfer amounts are not included on 5498 forms.

For more information on the values and codes that appear on the 5498 form, please see the IRS resource.