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5498 form

Here’s what it’s for: 

This form reports the contributions and/or rollover amounts paid into a traditional IRA, Roth IRA, SEP IRA or Simple IRA for the previous calendar year as well as other relevant tax information. Please note that, in most cases, you will receive this form only if you made a contribution or rollover for the reported tax year.

 

Need a copy of an old 5498 form? Give us a call at 1-800-344-1029

 

 

Take a look at our most frequently asked questions:

The IRS deadline for issuing Form 5498 is May 31. The filing deadline takes into account the fact that contributions to IRAs can be applied towards the prior tax year, provided that the contribution is made by the filing deadline (without extensions) for that year’s income tax returns, generally April 15 of the following year, however the April 15 deadline may be extended in the event of a weekend or holiday

The form is issued to the contract owner for the following qualified plans: Traditional IRAs, Roth IRAs, SEP IRAs and Simple IRAs. It is not issued for qualified plans such as 403(b) plans, pension plans and 401(k) plans, or for non-qualified plans.

You will not receive a 5498 form if you did not make any contributions or rollovers to your IRA for the tax year, if there were no other reportable transactions or information, if you do not have an IRA, or if we have an incorrect mailing address on file for your annuity contract. Click here to download a form to change your address of record.

View full list of FAQs

 

 

 

This information is not intended to serve as, and does not constitute, tax advice. Please contact your own tax professional with any questions about your personal tax situation.

 

John Hancock Annuities are issued by John Hancock Life Insurance Company (U.S.A.), Lansing, MI 48906, which is not licensed in New York. In New York, John Hancock Annuities are issued by John Hancock Life Insurance Company of New York, Valhalla, NY 10595. John Hancock Variable Annuities are distributed by John Hancock Distributors LLC.


MLINY111820172-2