Tax5498
As a tax document issuer you collect the data elements shown below into either a flat or tree structure.
You then populate the applicable FDX object, serialize it to JSON, and
distribute the JSON in up to 4 ways.
(1) File download or (2) API
(3) Printed document with QR code
(4) PDF file with embedded JSON
FDX / Data Structures / Tax5498
Form 5498, IRA Contribution Information, from TRUSTEE/ISSUER (1st-8th boxes as issuer) to PARTICIPANT (9th-16th boxes as recipient)
Extends and inherits all fields from Tax
Tax5498 Properties
| # | Id | Type | Description |
|---|---|---|---|
| 1 | accountNumber | string | Account number |
| 2 | iraContributions | number | Box 1, IRA contributions |
| 3 | rolloverContributions | number | Box 2, Rollover contributions |
| 4 | rothIraConversion | number | Box 3, Roth IRA conversion amount |
| 5 | recharacterizedContributions | number | Box 4, Recharacterized contributions |
| 6 | fairMarketValue | number | Box 5, Fair market value of account |
| 7 | lifeInsuranceCost | number | Box 6, Life insurance cost included in box 1 |
| 8 | ira | boolean | Box 7a, IRA |
| 9 | sep | boolean | Box 7b, SEP |
| 10 | simple | boolean | Box 7c, SIMPLE |
| 11 | rothIra | boolean | Box 7d, Roth IRA |
| 12 | sepContributions | number | Box 8, SEP contributions |
| 13 | simpleContributions | number | Box 9, SIMPLE contributions |
| 14 | rothIraContributions | number | Box 10, Roth IRA contributions |
| 15 | rmdNextYear | boolean | Box 11, If checked, required minimum distribution for next year |
| 16 | rmdDate | DateString | |
| 17 | rmdAmount | number | Box 12b, RMD amount |
| 18 | postponedContribution | number | Box 13a, Postponed contribution |
| 19 | postponedYear | integer | Box 13b, Year |
| 20 | postponedCode | string | Box 13c, Code |
| 21 | repayments | number | Box 14a, Repayments |
| 22 | repayCode | string | Box 14b, Code |
| 23 | fmvSpecifiedAssets | number | Box 15a, FMV of certain specified assets |
| 24 | specifiedCodes | string | Box 15b, Code(s) |
Tax5498 Usage:
- TaxData tax5498
FDX Tax Schema and Model Files
A copy of the FDX tax schema files (yaml) and related model files in csharp, java, python, ruby, and typescript languages are available at this private GitHub repository:
https://github.com/iTipsDev/fdx-tax-schema-v6.6.0
We will make this repository available to developers implementing Financial Data Exchange (FDX) JSON in their applications. Just send your GitHub user email and company name to info@taxdataexchange.org to be granted access.
SDK (Java Software Development Kit)
A java SDK is available to generate Tax5498 documents as:
- FDX JSON
- QR PDFs and
- Intelligent Tax Documents®
See this GitHub page and contact us at info@taxdataexchange.org to license the SDK.
Docker Image
A Docker image is available to generate Tax5498 documents as:
- FDX JSON
- QR PDFs and
- Intelligent Tax Documents®
See this page and contact us at info@taxdataexchange.org to license the Docker image.
