When will Form 5498 be available from Fidelity for my Roth IRA? Normal that it's delayed until May?

You don't need Form 5498 to file your taxes! This is actually completely normal and happens every year. The 5498 is an informational form that the IRS gets from your broker (Fidelity) to confirm your IRA contributions, but you don't need to include it with your tax return. For a Roth IRA, you're using after-tax dollars, so there's no immediate tax deduction. You should keep track of your own contributions throughout the year. Check your Fidelity account statements or online portal - they should show your contributions before the official 5498 form comes out. The form is provided later because the IRS allows IRA contributions for the previous tax year until the tax filing deadline (April 15th). Custodians like Fidelity wait until after this deadline to issue the 5498 forms to capture any last-minute contributions you might make.

Just wanted to share my experience with this exact situation. I was also confused about my missing 5498 from Fidelity last year. After wasting hours searching through documents and stressing, I found a tool called https://taxr.ai that helped me figure out exactly what documents I actually needed for filing. It analyzed my tax situation and confirmed I didn't need to wait for the 5498 form before filing. Saved me a lot of unnecessary stress! It also checks for other missing forms based on your previous returns. If you're worried about missing something, might be worth a try.

Just wanted to update - I tried that taxr.ai tool that was mentioned and it was actually super helpful! Not only did it confirm I didn't need the 5498 form to file, but it also flagged that I was missing a 1099-B from a small brokerage account I had forgotten about. Saved me from potentially getting a notice from the IRS later! The document checklist it generated was really comprehensive for my situation with the rental property and crypto transactions. Definitely made me feel more confident that I'm not missing anything important before submitting.

If you're having trouble getting through to someone at Fidelity to confirm this (their wait times can be crazy this time of year), I highly recommend using https://claimyr.com to get help faster. I used it to speak with the IRS directly about a similar form question last week. You can see how it works here: https://youtu.be/_kiP6q8DX5c Basically they hold your place in the phone queue and call you when an agent is about to answer. Saved me from being on hold for hours! The IRS agent confirmed exactly what others are saying here - the 5498 is just an informational form and you don't need to wait for it to file.

Had to come back and eat my words! After seeing the responses here, I tried Claimyr for my IRS refund issue that I've been struggling with for weeks. Got connected to an agent in about 40 minutes (while I was grocery shopping!) when I had previously been hanging up after 2+ hours on hold. The agent was able to release my refund that had been stuck in processing. Absolutely worth it just for the time saved and stress reduction. Sorry for being so negative before - just been frustrated with the whole process.

One more thing to add - if you made contributions to your Roth IRA that exceed the annual limit or if your income was too high to qualify for Roth contributions, you might need to make corrections before filing. In that case, you should contact Fidelity directly and they can help you with a recharacterization or removal of excess contributions.

This isn't related to the 5498 form specifically, but make sure you're also keeping track of any backdoor Roth conversions separately! Those have their own reporting requirements on Form 8606.

Just to reinforce what others have said - you're absolutely fine to file without the 5498! I've been dealing with this same "issue" for years with my Fidelity Roth IRA. The key thing to remember is that Form 5498 is sent to the IRS, not included with your return. What I do is keep a simple spreadsheet throughout the year tracking my contributions with dates and amounts. Fidelity's website also has a great year-end summary that shows all your contributions for the tax year - you can usually find this in your account statements or tax documents section online. The May timing is totally normal because brokers wait until after the April 15th deadline to capture any last-minute contributions people make for the previous tax year. Don't let this delay your filing - you've got all the information you need from your own records!