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The 1099-R reports distributions from retirement plans. So it reported the amount coming OUT of the 401k plan.

The 5498 reports contributions to IRA accounts of various types and flavors. (It also reports the FMV of those IRAs so any RMDs can be calculated.)


I have a Roth IRA and an inherited traditional IRA. I usually (always?) get a 5498 for the Roth, which I typically stick with last year's return and ignore. I always get a 1099-R for the inherited IRA, because I am taking RMDs.

I don't recall ever getting a 5498 for the inherited IRA. This isn't a big deal for calculating RMDs, because I know I need to do that and I have my December statement, but still . . . should I be getting a 5498 for the inherited IRA?

Patzer
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