Writing for Morningstar, Natalie Choate Analyzes the Need of IRA Holders to Scrutinize IRS Form 5498Print PDF
More Publications >
Natalie Choate, a member of Nutter’s Private Client Department, authored an article in Morningstar that elaborates on the importance of Form 5498. In the article, “Why IRA Holders Need to Scrutinize IRS Form 5498,” she explains that the IRA provider must file this form every year for every IRA it manages, and it reports the prior year-end fair market value of the IRA, whether any contribution was made to the account for the prior year and (in some cases) whether a minimum distribution is required from the account for the current year. Natalie also outlines to which parts of the form that advisers, and those filling it out, must pay special attention.