Form 5498-MSA-2025

Show details

4 out of 5

40 votes

The document is a Form 5498-MSA, which provides information regarding Medical Savings Account (MSA) contributions for the years 2001 and 2002. It includes details such as contributions made by employees or self-employed individuals, total contributions, rollover contributions, and the fair market value of the MSA. The form is intended for submission to the Internal Revenue Service (IRS) and contains instructions for participants on how to report their MSA contributions and deductions.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to quickly redact Form 5498-MSA online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is the best editor for modifying your paperwork online. Follow this straightforward guide to edit Form 5498-MSA in PDF format online free of charge:

Sign up and sign in. Register for a free account, set a strong password, and go through email verification to start managing your forms.
Add a document. Click on New Document and select the file importing option: add Form 5498-MSA from your device, the cloud, or a secure URL.
Make adjustments to the template. Use the top and left-side panel tools to edit Form 5498-MSA. Add and customize text, pictures, and fillable fields, whiteout unneeded details, highlight the important ones, and comment on your updates.
Get your paperwork done. Send the form to other parties via email, create a link for faster file sharing, export the template to the cloud, or save it on your device in the current version or with Audit Trail included.

Discover all the advantages of our editor today!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Where do I enter form 5498 on my tax return?

You dont file Form 5498 with your tax return but keep your copy for your records and to ensure accurate reporting on your tax return.

Should I report form 5498 on my tax return?

Form 5498 IRA Contribution Information is information for your personal records and is not required to prepare your tax return. Taxpayers should retain this information for their personal records, but there are no tax consequences to the taxpayer until the funds are distributed from the account.

Where do I enter form 5498 on my tax return TurboTax?

You dont need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax like you do with a W-2 or 1099s. In most cases, youll find the info needed for your return on other paperwork, such as a year-end summary statement or a Form 1099-R.

Are MSA distributions taxable?

An HSA or Archer MSA distribution isnt taxable if you used it to pay qualified medical expenses of the account holder or eligible family member or you rolled it over. An HSA may be rolled over to another HSA; an Archer MSA may be rolled over to another Archer MSA or an HSA.

What is MSA on tax return?

General information. What is a Medical Spending Account (MSA)? A Medical Spending Account is an IRS tax-favored account that allows you to set aside money from your paycheck pretax to pay for out-of-pocket health care expenses such as copayments, coinsurance and deductibles.

Do I need to report form 5498 on my tax return?

No. You arent required to do anything with Form 5498 because its for informational purposes only.

What is a 5498 MSA?

The purpose of Form 5498-SA is to report how much money is contributed to an HSA, Archer MSA or MA MSA over the course of a tax year. In the case of HSAs and Archer MSAs, the tax year extends to April 15 of the following year.

What happens if you dont file form 5498?

Form 5498 is informationalyou dont have to do anything with itbut it may help guide your future distribution decisions. Lets say you want to withdraw from your Roth IRA. Taking out investment earnings beyond your contributions could result in taxes and penalties before retirement age and meeting other criteria.

Form 5498-MSA-2025

Here's how it works