OP, just use the check w/deposit slip if you want to be safest and have the backup of a copy of the deposit slip. You can bring it to a Fidelity office and they will take the check but not process it there, but rather send it with their interoffice courier service as a service to you, or pay overnight yourself to the address if you want to avoid that. It will be credited promptly but hurry as the end of the year gets congested. That is your true issue as Soylent Green errr, Fidelity is people that deal with it around year end crunch. I personally would go the office route. Get copies there of everything.
If you don't care, second best is to use the check and deposit it into the Fidelity app and the deposit will appear instantly in your account, but you will have to check rollover, as no option there for conversion. But on your check you write Roth rollover conversion or Roth conversion and you keep that as your support.
Either way Fidelity may call it a rollover, but just file your 8606 correctly and you are audit proof. Fidelity doesn't speak for your intention, but they accept your deposit. You speak for your intention when you file your taxes and sign and submit, and conversions are exempt from the 60 day rollover rule. You can ask Fidelity in May to correct the 5498 to conversion but if they don't it might be a good idea to let it go since they are generally not trained on indirect rollovers because that is something you do (not them), so it is not in their wheelhouse. A quick request to change it to a conversion, maybe, but don't say we didn't warn you if it turns out into a frustrating disaster. Maybe now that it was answered on the Reddit, somebody in Fidelity will follow our instruction of the 5498, but they are not responsible for your taxes or knowing your intention which only you can declare. Like a lot of other things so file the 8606 and IMO call it a day. And I was the militant one on wanting that 5498 corrected before. What changed in me is the realization that any clarification for the IRS, you are not responsible for Fidelity errors (if they code it incorrectly as a 60-day rollover alone) in May. From Fidelity's point of view anyway, although money is fungible, it is your call not theirs to show the IRS what comes and goes to what anyway. Just say broker error, here is my withdrawal, and rollover conversion, and here's the deposit slip and/or check. That's where my head is at now and I have settled into it being fine for me.
If you don't care, second best is to use the check and deposit it into the Fidelity app and the deposit will appear instantly in your account, but you will have to check rollover, as no option there for conversion. But on your check you write Roth rollover conversion or Roth conversion and you keep that as your support.
Either way Fidelity may call it a rollover, but just file your 8606 correctly and you are audit proof. Fidelity doesn't speak for your intention, but they accept your deposit. You speak for your intention when you file your taxes and sign and submit, and conversions are exempt from the 60 day rollover rule. You can ask Fidelity in May to correct the 5498 to conversion but if they don't it might be a good idea to let it go since they are generally not trained on indirect rollovers because that is something you do (not them), so it is not in their wheelhouse. A quick request to change it to a conversion, maybe, but don't say we didn't warn you if it turns out into a frustrating disaster. Maybe now that it was answered on the Reddit, somebody in Fidelity will follow our instruction of the 5498, but they are not responsible for your taxes or knowing your intention which only you can declare. Like a lot of other things so file the 8606 and IMO call it a day. And I was the militant one on wanting that 5498 corrected before. What changed in me is the realization that any clarification for the IRS, you are not responsible for Fidelity errors (if they code it incorrectly as a 60-day rollover alone) in May. From Fidelity's point of view anyway, although money is fungible, it is your call not theirs to show the IRS what comes and goes to what anyway. Just say broker error, here is my withdrawal, and rollover conversion, and here's the deposit slip and/or check. That's where my head is at now and I have settled into it being fine for me.
Statistics: Posted by TaxSkeptic — Sat Dec 13, 2025 2:19 am — Replies 6 — Views 435