Form 5498

Tax Slayer entry:

Federal Section > Deductions > Adjustments > IRA Deduction

Box 1, 2:

  • If a rollover contribution, do not enter data in the IRA Deduction page. (This may have been taken from another IRA the previous year and recorded as a rollover.)

Box 12, 12a:

  • Used to report RMD taken. No need to enter this data.
  • If there is a need to verify the RMD amounts among several IRAs, see the RMD distribution table.