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E-File Form 5498 for 2019 in Minutes

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What is Form 5498?

Form 5498 is an IRA Contribution Information Form used to report contributions, rollovers, conversions, recharacterizations, and year-end fair market value for traditional IRA, SEP-IRA, SIMPLE IRA, Roth IRA, and Inherited IRA contracts. An IRA includes all investments under one IRA plan. It is not necessary to file a Form 5498 for each investment under one plan.

If you are a custodian such as bank or other financial institution, you need to file the Form 5498 with the IRS & send the copy to the respective participants who made contributions to an Individual Retirement Arrangement (IRA) in the preceding tax year.

You don't need to file Form 5498, if the participants have an IRA but made no contributions for the year. To learn more about Form 5498, visit

Are you ready to report your 5498 Form? Get started with TaxBandits and file in a matter of minutes! Start E-Filing Now

Deadline to File 2019 Form 5498

2018 Form 5498 participant (Only for FMV & RMD) deadline

Due to the participant (Only for FMV & RMD) by:

January 31, 2020

2018 Form 5498 participant (Other types of IRAs) deadline

Due to the participant (Other types of IRAs) by:

June 1, 2020

2018 Form 5498 e-filing deadline

E-File Form 5498 with the IRS by:

June 1, 2020

Due to COVID-19 Form 5498 filing and furnishing the forms Deadline postponed to August 31, 2020

IRS requires Form 5498 to be reported on or before January 31, 2020, when you furnished a statement of the FMV of the account (boxes 15a and 15b) and RMD, if applicable. Trustees of SIMPLE IRAs also must provide a statement of the account activity by January 31, 2020. Contribution information for all other types of IRAs must be provided by June 01, 2020.

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Information Required to E-File Form 5498 Online

  • Trustees or Issuers’ Details: Name, TIN, Address, and Contact Information
  • Participant’s Details: Name, TIN, Address, and Contact Information

Are you ready to file your 5498? Get started with your free TaxBandits account!

How To E-File Form 5498 Online?

How to E-file Form 5498
  • Create a FREE account with TaxBandits
  • Select “Form 5498”
  • Enter Trustee’s or Issuer’s Details (Name, TIN, Address)
  • Enter Participant’s Details (Name, TIN, Address)
  • Enter IRA Contribution information
  • Review, Pay & Transmit Form 5498 directly to the IRS.

While filing your 5498 return with TaxBandits, you also have the option of postal mailing participant copies. Simply select the Postal Mail option and we will take care of the rest!

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