Drake Tax - IRA ESA SA Contribution Information

Where to enter data from a Form 5498

There is no 5498 screen and ordinarily Form 5498 would not be used in data entry for a return.

There are a variety of Forms 5498 such as:

• 5498 – IRA Contribution Information

• 5498-ESA – Coverdell ESA Contribution Information

• 5498-SA – HSA, Archer MSA, or Medicare + ChoiceMSA

• 5498-SA – HSA, Archer MSA, or Medicare Advantage MSA

These are informational forms intended to update the recipient. Data on these forms that belongs in a return usually appears on other documents for that purpose, such as a Form 1099-R or a Form W-2. You should ensure that all contribution amounts have been reported on the return, if necessary. See Form 5498 Instructions for more information.