Form 5498 MS 2024-2025

Form 5498 MS: What You Should Know

The Form 5498 is also filed by trustees, custodians, and beneficiaries who participated in an HSA, Archer MSA, or MA MA, for those who contributed at least 5,000 to the IRA. They must also file a copy of this form with the state.   Form 5498-SA: For IRA Contributing. This is an amendment to the previous form. In other words, it is a tax form that records the contributions you have made to an IRA (including IRA contributions to Roth IRAs, SEPs, Seeps, and Sims). This type of document is typically required under IRC § 408T, but there is a special provision (IRC § 408T1) that allows a special request for this information if you are a surviving spouse of a deceased IRA investor. If you're required to file this Form 5498-SA, it can be filed on paper or electronically. It records the date and amount of your IRA contribution. Form 5498-SA is similar to the Form 5498-R. However, there is a slightly different format to the income information in the Form 5498-SA — IRA amount is on line 4 and the total amount is on line 1. Form 5498-SA is similar to the Form 4606-R. However, the total income amounts on both the Line 4 and Line 1 are different due to the fact that the income was reported from the individual after June 6, 2014. In other words, this form is not the exact same form as Form 4606-R. Form 5498-SA is similar to the Form 4606-R. However, the amount reported on Line 4 may not be the exact same amount reported on Form 4606-R.  Form 5498-SA: For Roth IRA Contributions. This form is for IRA contributions made after December 31, 2013, and before January 1, 2022. It is filed by trustees, custodians, and beneficiaries who participated in an HSA, Archer MSA, or MA MA for those who contributed at least 6,500, and in excess of the federal contribution limit of 5,300 for 2013, to an IRA (including Roth IRAs, SEPs, Seeps, and Sims). They must also file a copy of this form with the state. The Form 5498-SA shows the total amount of IRA contributions for the person.  Form 5498-SA: For Traditional IRA Contributions.

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