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Instructions for Participant Box 12a. Shows the date by which the RMD amount in box 12b must be distributed to
The information on Form 5498 is submitted to the IRS by the trustee or issuer of your avoid the 50% excise tax on the undistributed amount for 2024.
individual retirement arrangement (IRA) to report contributions, including any catch-up Box 12b. Shows the amount of the RMD for 2024. If box 11 is checked and there is no
contributions, required minimum distributions (RMDs), and the fair market value (FMV) amount in this box, the trustee or issuer must provide you the amount or offer to
of the account. For information about IRAs, see Pubs. 590-A, 590-B, and 560. calculate the amount in a separate statement by January 31, 2024.
Participant’s taxpayer identification number (TIN). For your protection, this form Box 13a. Shows the amount of a late rollover contribution (more than 60 days after
may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN). However, the distribution) made in 2023 and certified by the participant, or a postponed contribution
trustee or issuer has reported your complete TIN to the IRS. made in 2023 for a prior year. This amount is not reported in box 1 or 2.
Account number. May show an account or other unique number the trustee or issuer Box 13b. Shows the year to which the postponed contribution in box 13a was
assigned to distinguish your account. credited. If a late rollover contribution is shown in box 13a, this box will be blank.
Box 1. Shows traditional IRA contributions for 2023 you made in 2023 and through Box 13c.For participants who made a postponed contribution due to an extension of the
April 15, 2024. These contributions may be deductible on your Form 1040 or 1040-SR. contribution due date because of a federally designated disaster, shows the code FD.
However, if you or your spouse was an active participant in an employer’s pension For participants who served in designated combat zones, qualified hazardous duty
plan, these contributions may not be deductible. This box does not include amounts in areas, or direct support areas, shows the appropriate code. The codes are EO13239
boxes 2–4, 8–10, 13a, and 14a. for Afghanistan and associated direct support areas, EO12744 for the Arabian
Box 2.Shows any rollover, including a direct rollover to a traditional IRA or Roth IRA, or a Peninsula areas, PL115-97 for the Sinai Peninsula of Egypt, and EO13119 (or
qualified rollover contribution (including a military death gratuity or SGLI payment) to a PL106-21) for the Yugoslavia operations areas. For additional information, including a
Roth IRA you made in 2023. It does not show any amounts you converted from your list of locations within the designated combat zones, qualified hazardous duty areas,
traditional IRA, SEP IRA, or SIMPLE IRA to a Roth IRA. They are shown in box 3. It does and direct support areas, see Pub. 3. For updates to the list of locations, go to
not show any late rollover contributions. They are shown in box 13a. See the Form 1040 www.irs.gov/Newsroom/Combat-Zones .
or 1040-SR instructions for information on how to report rollovers. If you have ever made For a participant who makes a rollover of a qualified plan loan offset, shows the code PO.
any nondeductible contributions to your traditional IRA or SEP IRA and you did not roll For a participant who has used the self-certification procedure for a late rollover
over the total distribution, use Form 8606 to figure the taxable amount. If property was contribution, shows the code SC.
rolled over, see Pub. 590-A. For a qualified rollover to a Roth IRA, also see Pub. 590-A. Box 14a. Shows the amount of any repayment of a qualified reservist distribution, a
Box 3. Shows the amount converted from a traditional IRA, SEP IRA, or SIMPLE IRA qualified disaster distribution, or a qualified birth or adoption distribution. See Pub.
to a Roth IRA in 2023. Use Form 8606 to figure the taxable amount. 590-A for reporting repayments.
Box 4. Shows amounts recharacterized from transferring any part of the contribution Box 14b. Shows the code QR for the repayment of a qualified reservist distribution,
(plus earnings) from one type of IRA to another. See Pub. 590-A. code DD for repayment of a qualified disaster distribution, or code BA for repayment
Box 5. Shows the FMV of all investments in your account at year end. However, if a of a qualified birth or adoption distribution.
decedent’s name is shown, the amount reported may be the FMV on the date of Box 15a. Shows the FMV of the investments in the IRA that are specified in the
death. If the FMV shown is zero for a decedent, the executor or administrator of the categories identified in box 15b.
estate may request a date-of-death value from the financial institution. Box 15b. The following codes show the type(s) of investments held in your account for
Box 6. Shows for endowment contracts only the amount allocable to the cost of life which the FMV is required to be reported in box 15a.
insurance. Subtract this amount from your allowable IRA contribution included in box 1 A—Stock or other ownership interest in a corporation that is not readily tradable on an
to compute your IRA deduction. established securities market.
Box 7. May show the kind of IRA reported on this Form 5498. B—Short- or long-term debt obligation that is not traded on an established securities market.
Boxes 8 and 9. Show SEP (box 8) and SIMPLE (box 9) contributions made in 2023, C—Ownership interest in a limited liability company or similar entity (unless the
including contributions made in 2023 for 2022, but not including contributions made in interest is traded on an established securities market).
2024 for 2023. If made by your employer, do not deduct on your income tax return. If
you made the contributions as a self-employed person (or partner), they may be D—Real estate.
deductible. See Pub. 560. E—Ownership interest in a partnership, trust, or similar entity (unless the interest is
Box 10. Shows Roth IRA contributions you made in 2023 and through April 15, 2024. traded on an established securities market).
Do not deduct on your income tax return. F—Option contract or similar product that is not offered for trade on an established
Box 11. If the box is checked, you must take an RMD for 2024. An RMD may be option exchange.
required even if the box is not checked. If you do not take the RMD for 2024, you are G—Other asset that does not have a readily available FMV.
subject to a 50% excise tax on the amount not distributed. See Pub. 590-B for details. H—More than two types of assets (listed in A through G) are held in this IRA.
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