FORM 5498

If you are talking about plain old vanilla Form 5498, it does not get entered, it is just informational. Form 5498-SA is a different story.

If an IRA is partially taxable because of basis, you do enter the value of IRA (SEP or SIMPLE) in Screen 13.

Enter the total value of all the taxpayer's traditional/SEP/SIMPLE IRAs (not just this one) as of December 31, 2011 plus any amount distributed to the taxpayer from one traditional/SEP/SIMPLE IRA within 60 days before the end of 2011 (November 2 to December 31) that was rolled over to another traditional/SEP/SIMPLE IRA after December 31, 2011, but within the 60-day rollover period. If the taxpayer has a current year distribution, the program uses this entry to calculate the taxable portion on Form 8606. Make this entry only once for the taxpayer and once for the spouse (if applicable). The amount entered prints on Form 8606, line 6.

If the recipient also owns inherited traditional IRAs that the recipient is not treating as his/her own, and this distribution is not from the inherited IRA, enter only the value of the recipient’s own IRAs in this input field. If the recipient also has basis in inherited traditional IRAs, and this distribution is from the inherited IRA, enter only the value of the recipient’s inherited IRAs in this input field, and also check the “Treat as inherited” box (screen 13.1, code 70). Input fields for basis in inherited IRAs are provided in screen 24. Refer to IRS Publication 590 for more information on inherited IRAs.

It is in the Form 8606 Section. Also be sure you have the IRA/SEP/SIMPLE basis in Screen 24.

If there are no distributions, then the 5498 is just informational and you need not enter it anywhere.