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When will I receive a copy of Form 5498?

Posted on: December 10, 2019

A copy of Form 5498 will be mailed to you by May 31st of the relevant year. 

The IRS requires all IRA custodians to file form 5498 annually to report the fair market value (FMV) of the asset(s) held in your IRA based on the client-reported last-known-value.

Form 5498 indicates any rollovers, contributions, conversions and recharacterizations received in your IRA during the prior tax year.

Further, this form indicates whether the accountholder is required to take a Required Minimum Distribution (RMD).

The IRS does not require you to send a copy of Form 5498 with your tax return. The form is for your records only. Form 5498 is electronically reported to the IRS in June of the relevant year.

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Madison Trust Company
Corporate Headquarters:
Madison Trust Company
401 East 8th Street • Suite 200
Sioux Falls, SD 57103
Mailing Address:
Madison Administration Company
One Paragon Drive • Suite 275
Montvale, NJ 07645
Hours:
Monday - Thursday: 9:00AM - 6:00PM EST
Friday: 10:00AM - 4:00PM EST
Saturday/Sunday: Closed
Contact:
(800) 721-4900
[email protected]
F: 845-947-1212
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  • About
    • Team
    • Reviews
    • Madison Advantage
    • Madison Story
    • Fast Facts
  • Self Directed IRA
    • Self Directed IRA Basics
    • How To Set Up
    • Rules
      • What can an IRA invest in?
      • Prohibited Transactions
      • UBIT
      • UDFI
    • Fees
    • Roth IRA
    • Self Directed IRA with Checkbook Control
    • Self Directed IRA Custodian
  • Directed Trust
    • Directed Trust Information
  • Assets
    • Real Estate
      • How to Purchase
    • Promissory Notes
    • Private Placements
    • Gold/Precious Metals 
  • Information Center
    • FAQs
      • General Questions
      • Opening Your IRA
      • Funding Your IRA
      • Investing Your IRA
      • Contributions
      • Distributions
      • Roth Conversions
      • Fees
      • Tax Forms
      • Ongoing Account Maintenance
    • Blog
    • Comparison Calculator
    • “How To” Flowcharts
    • Holidays Observed
  • Client Resources
    • Forms
    • Processing Timeframes
    • Account Maintenance
    • Delivery Instructions
    • Fee Schedule
  • Contact Us
  • (800) 721-4900

    [email protected]