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#1
06-05-2008, 12:19 AM
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 Re: brokerage tax form 5498 for Roth IRA On Jun 4, 6:12*pm, "Jim" <j...[at]beam.sip> wrote: - quote - > my understanding, since I am funding a Roth IRA with after tax contributions and
The 5498 forms are reported to the IRS by the brokerage. So, if you> staying within limits, there is nothing I need to do with the brokerage (vanguard) > provided form 5498 - is that correct ? > since everyone here likely has a roth ira, do you take any action on this form or just > "file it" ? over contribute, you may have problems. -- Ron ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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06-04-2008, 11:48 PM
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| Re: brokerage tax form 5498 for Roth IRA Jim wrote: - quote - > my understanding, since I am funding a Roth IRA with after tax
Correct. You might need it if in the future you want to withdraw your> contributions and staying within limits, there is nothing I need to do > with the brokerage (vanguard) provided form 5498 - is that correct ? contributions (not earnings) without penalty before full retirement age. The annual forms would document how much you contributed. -Mark Bole ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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#-1
06-04-2008, 11:12 PM
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| brokerage tax form 5498 for Roth IRA my understanding, since I am funding a Roth IRA with after tax contributions and staying within limits, there is nothing I need to do with the brokerage (vanguard) provided form 5498 - is that correct ? since everyone here likely has a roth ira, do you take any action on this form or just "file it" ? ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
| Tags |
| 5498, brokerage, form, ira, roth, tax |
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