Understanding IRS Form 5498: What It Is and Why It Matters

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2025-10-28 16:24:22 -

In an IRA, HSA, or similar account that you may have contributed to, you will probably receive Form 5498 from the IRS, which is a valuable document for your tax records. Form 5498 discloses contributions and rollovers, as well as the fair market values of Individual Retirement Accounts (IRAs). Even though you do not use this form to file with your tax, it is an important tool in confirmation of...

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