Form 5498 question

Today E*trade has mailed form 5498 to me. For the first time, I have done backdoor roth contribution, I guess, that’s why I am receiving this form. Now, the question I have is, do I need to redo my tax? do I need to Amend my returns?

Thanks in advance.

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Today E*trade has mailed form 5498 to me. For the first time, I have done backdoor roth contribution, I guess, that’s why I am receiving this form. Now, the question I have is, do I need to redo my tax? do I need to Amend my returns?

I got one from TDAmeritrade a couple of days ago. I made only an ordinary roll-over of stock from my normal IRA to my Roth-IRA. As far as I can tell, I need to do nothing, but I am not sure.

Now, the question I have is, do I need to redo my tax? do I need to Amend my returns?

Is the information on the 5498 different than what you filed with the IRS?
Is the information on the 5498 accurate?

If it’s accurate AND it is the same as what you already told the IRS, then just file it away with the rest of your tax records. It’s just a confirmation of what you did. Keep it around in case of the unlikely event you’re audited.

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