Since contributions can be made until April 15, 2013 for 2012, your form will be mailed to you by May 31, 2013. The information is reported to the IRS, but you don’t have to file it with your 2012 tax return. Form 5498 also reports the fair market value of your IRA account as of December 31, 2012. This information may be reported to you on your year-end transaction history statement instead of Form 5498, since Form 5498 will not be generated if you did not make any contributions to your IRA accounts.
Note: A direct trustee-to-trustee transfer will not generate a Form 5498.