Reply To: Form 5498 line 7

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


Schwab’s tax people came back and said the original 5498 was correct, and I guess we agree with them – the SEP box checked on Line7 is correct, since it’s a SEP-IRA and the fact the contribution was shown on Line1 (instead of Line8) should’ve indicated to IRS that it was indeed a TIRA contribution.