Form 5498(redirected from 5498 Forms)
A form that one files with the IRS to report contribution and other information on an individual retirement account. A company managing IRAs must report contributions, rollovers, traditional to Roth IRA conversions, account closures, and required minimum distributions on each IRA under management. However, they are not required to report the individual investments that each IRA makes.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved