Form 5498 is an IRS information return that reports your IRA contributions — traditional, Roth, SEP, or SIMPLE — plus rollovers, conversions, the account's year-end fair market value, and RMD information. Your IRA custodian files it with the IRS and sends you a copy. It documents money going into your IRA, the mirror image of Form 1099-R's distributions.

Do I need to report Form 5498 on my tax return?

No. Form 5498 is informational only — you don't attach it to your tax return or enter it like a W-2. You report IRA contributions from your own records when you file. The 5498 is the IRS's confirmation of those contributions and your year-end account value, so review it for accuracy and keep it with your tax documents.

When should I receive Form 5498?

Custodians must file Form 5498 with the IRS by May 31 each year — June 1 in 2026, since May 31 falls on a weekend. That's after the mid-April filing deadline, because IRA contributions for a tax year can be made up until that deadline, so the form can't be finalized until late May.

Is Form 5498 the same as Form 1099-R?

No. They are opposites. Form 5498 reports money that goes into your IRA — contributions, rollovers, and conversions. Form 1099-R, sent earlier in the year, reports money that comes out — distributions and withdrawals — and must be entered when you file. You file using the 1099-R; the 5498 you keep for your records.

How long should I keep Form 5498?

Keep it permanently, especially for Roth and nondeductible traditional IRA contributions. It documents the after-tax basis you can withdraw tax-free later. The IRS doesn't track your basis for you, so without it you may struggle to prove that contribution years from now — and could end up paying tax twice on money you already paid tax on.

Tax

Form 5498 (IRA Contribution Information)

Form 5498 is an IRS information return that reports contributions to your IRA — traditional, Roth, SEP, or SIMPLE — along with rollovers, conversions, the fair market value of the account, and any required minimum distribution information. Your IRA custodian files it with the IRS and sends you a copy, generally by May 31 (June 1 in 2026, since May 31 falls on a weekend).

Custodians must file Form 5498 with the IRS by May 31 each year (June 1 in 2026) — after the mid-April tax filing deadline, because IRA contributions can be made right up to that deadline.

Source: Fidelity — What is Form 5498?

Written & maintained by the Granite team · Last updated June 2026

Overview

Your IRA custodian — the bank or brokerage holding the account — issues Form 5498 for any year you contribute to, roll over into, or convert an IRA. Because contributions for a tax year can be made up to the April filing deadline, the form arrives in late May, after you've likely already filed.

You don't attach Form 5498 to your return; it's informational. But it's the IRS's record of your contributions and your account's year-end value, so it backs up the deduction you claimed and your Roth basis over time. It's the mirror image of Form 1099-R: 5498 reports money going into your IRA, 1099-R reports money coming out.

When you’ll get your Form 5498 (IRA Contribution Information)

You contributed to a traditional, Roth, SEP, or SIMPLE IRA
You rolled over funds into an IRA
You converted a traditional IRA to a Roth
You had a required minimum distribution to take
You hold an IRA with a year-end fair market value to report

What’s on your Form 5498 (IRA Contribution Information)

These are the fields Granite reads and extracts automatically the moment you upload one.

Tax Year: The year the contributions and values reported apply to.
Custodian / Trustee: The institution holding the IRA that filed the form.
Traditional IRA Contributions (Box 1): Total traditional IRA contributions made for the year, including those made through the April filing deadline.
Roth IRA Contributions (Box 10): Total Roth IRA contributions made for the year, including those made through the April filing deadline.
Rollover / Conversion Amounts (Boxes 2 & 3): Funds rolled over (Box 2) or converted to a Roth (Box 3) into the IRA during the year.
Fair Market Value (Box 5): The account's value at year-end, used by the IRS to calculate required minimum distributions and for recordkeeping.

How long to keep it

Keep Form 5498 permanently, especially for Roth and nondeductible traditional IRA contributions.

Form 5498 documents your IRA contribution history and Roth basis — the after-tax money you can later withdraw tax-free. Because the IRS doesn't track your basis for you, these forms are the proof that distributions decades from now are correctly taxed. Discarding them can mean paying tax twice on the same money.

How Granite handles your Form 5498 (IRA Contribution Information)

Granite reads your Form 5498 — custodian, tax year, contribution amounts, rollovers, and year-end value — and files it with that year's tax documents. Because it keeps every year, your full IRA contribution and Roth basis history stays intact and searchable, so when you take distributions years later you can prove what was already taxed.

FAQ

Form 5498 (IRA Contribution Information): common questions

What is Form 5498?: Form 5498 is an IRS information return that reports your IRA contributions — traditional, Roth, SEP, or SIMPLE — plus rollovers, conversions, the account's year-end fair market value, and RMD information. Your IRA custodian files it with the IRS and sends you a copy. It documents money going into your IRA, the mirror image of Form 1099-R's distributions.
Do I need to report Form 5498 on my tax return?: No. Form 5498 is informational only — you don't attach it to your tax return or enter it like a W-2. You report IRA contributions from your own records when you file. The 5498 is the IRS's confirmation of those contributions and your year-end account value, so review it for accuracy and keep it with your tax documents.
When should I receive Form 5498?: Custodians must file Form 5498 with the IRS by May 31 each year — June 1 in 2026, since May 31 falls on a weekend. That's after the mid-April filing deadline, because IRA contributions for a tax year can be made up until that deadline, so the form can't be finalized until late May.
Is Form 5498 the same as Form 1099-R?: No. They are opposites. Form 5498 reports money that goes into your IRA — contributions, rollovers, and conversions. Form 1099-R, sent earlier in the year, reports money that comes out — distributions and withdrawals — and must be entered when you file. You file using the 1099-R; the 5498 you keep for your records.
How long should I keep Form 5498?: Keep it permanently, especially for Roth and nondeductible traditional IRA contributions. It documents the after-tax basis you can withdraw tax-free later. The IRS doesn't track your basis for you, so without it you may struggle to prove that contribution years from now — and could end up paying tax twice on money you already paid tax on.

Sources

This page is checked against primary and authoritative sources:

Keep your Form 5498 (IRA Contribution Information) in one place.

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