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5498 Tax Forms

Forms > 5498 Tax Forms

Vantage will send out 5498 tax forms to our clients by May 31. This form reports the end of year Fair Market Value and any contributions or rollovers received for the prior year.

Why did I receive IRS Form 5498?
This form reports the Fair Market value for your self-directed retirement account. It will also report any regular or rollover contribution to an Individual Retirement Arrangements (IRA). It also includes:

  • Moving funds from a Traditional IRA to a Roth IRA (and vice versa).
  • Moving contributions previously made into a Traditional IRA over to a Roth IRA or vice versa.
  • Making a contribution to a Simplified Employee Pension (SEP) IRA.

Do I need to file a copy of Form 5498 with the IRS?
No. Vantage submits the Form 5498 to the IRS on behalf of the IRA. There is no action needed on your part.