What is the practical difference between a Roth IRA Form 5498 with Box 2 Rollover Contributions vs Box 3 Roth IRA Conversion Amount?
That $W from CMA to Roth also showed up in transaction history immediately as "Rollover Cash".
Still to do (or, may just move on without doing it): call the Fidelity “back office” people who exclusively control the IRS form 5498 entries, ask them to re-code the $W as a rollover conversion into 5498 box 3 (rather than a rollover into box 2, which their system defaults to doing).
I can see a problem if you are under age 59.5 and withdraw more than your contributions, or if your distributions are not Qualified Distributions.
Statistics: Posted by VanGar+Goyle — Thu Dec 18, 2025 5:32 am — Replies 50 — Views 3382