IRA distributions, even if all or part of the distribution is rolled back in, are required to be reported on Form 1099-R.
Form 5498 reflects contributions, including rollovers, made to IRA accounts. Generally, the amount rolled over will not be subject to taxes or an early distribution penalty.
Since you have until the tax filing deadline in April to make IRA contributions, Form 5498 is not sent until late May. As a reminder, you are not required to attach a copy of Form 5498 to your income tax return. For rollover information, you can also refer to your year-end statement or transaction history.
Refer to your tax professional for information on how to report distributions and rollovers on your income tax return.