Form 5498 Box 15b Code A

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  • #77419
    Pablo
    Participant

    U.S.-based individual investor. After many, many hours of company-specific research in 2021, I decided to add a Canadian junior mining developer to my IRA via an OTC stock listing. The listing average volume is around 150k shares. The company also has a TSXV listing, trading at a slightly higher average volume.

    FMV was reported in Box 15a on Form 5498 by Fidelity, with Code A in Box 15b: ‚ÄúStock or other ownership interest in a corporation that is not readily tradable on an established securities market.”

    Should I expect this to be contested as a prohibited transaction? Are there any additional actions I ought to take beyond my documented research?

    #77426
    Kaye Thomas
    Moderator

    You do not need to be concerned. There’s nothing wrong with holding this type of asset in an IRA, and its appearance on Form 5498 is not a red flag.

    #77430
    Pablo
    Participant

    Thank you very much, Mr. Thomas.

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