Reply To: Form 5498 line 7

Home Fairmark Forum Retirement Savings and Benefits Form 5498 line 7 Reply To: Form 5498 line 7


Oh, that makes sense – the type of contribution is implicit in which box the contribution amount is shown in (e.g. box 1 for TIRA contribution, box 8 for SEP contribution.

So do I understand that you misspoke in 2nd post of this thread when you said “Box 7 should have the IRA box checked. The SEP box is only for actual SEP contributions” ? And therefore the 5498 I received is actually correct ?