What is IRS Form 5498?

If you contributed to your IRA in the preceding tax year, then you’ll receive an IRS Form 5498 in the mail. You can expect to receive this form in early September 2020 from your custodian, Apex Clearing Corp. This form reports your contributions for the year, required minimum distributions taken, and the fair market value of your IRA. Apex will also mail a copy of the form to the IRS for tax filing purposes.

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