Support CenterHow do I enter Rollover Fair Market Value contributions from Form 5498 in a 1040 return in SureFire?
🔍 How do I enter Rollover Fair Market Value contributions from Form 5498 in a 1040 return in SureFire?
Form 5498, IRA Contributions Information, reports your IRA contributions to the IRS. Your IRA trustee or issuer not you is required to file this form with the IRS by May 31. You will not find this form in the tax software nor will you file it with your tax return. The copy you received in the mail is a copy for your records.
📝 Note
The contributions should have been submitted to you on Form 1099R, Box 1 (https://www.irs.com/articles/what-is-tax-form-5498).
📊 Step-by-Step Guide
Step 1: Go to Form 1099R
Use this when you need to enter your IRA contribution details in SureFire.
Go to Form 1099R.
Step 2: Enter the contributions in Box 1
Use this to record the Rollover Fair Market Value contributions in the correct location.
Enter the contributions in Box 1.
Step 3: Save your return
Use this to ensure your entries are recorded.
Click File Save Return.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form