Saturday, July 1, 2017

What to Do With Form 5498-SA

The correct answer is nothing.  You do nothing with Form 5498-SA.  Form 5498-SA is a statement of contributions.  The amount shown on 5498-SA should have already been on your W2 so there's no need to enter it on your Federal tax return. Form 5498-SA is for informational information only.  

The Form is confusing because it looks just like a 1099-MISC.  But not to worry.  No need to enter onto the tax return. 
Ping your blog, website, or RSS feed for Free