No. Trustees or issuers of traditional IRAs must furnish Form 5498 to participants each year if there is a contribution (including a rollover) or a distribution. It is merely an information return that goes to you and to the IRS. For example, it shows a contribution to a traditional IRA so you know how much to deduct on your return if eligible to do so. It also shows the value of the account so you can figure required minimum distributions if you need to do this.
The difference between amount realized and adjusted basis on the sale or exchange of capital assets. Long-term capital gains are taxed favorably. Capital losses are deducted first against capital gains, and then again up to $3,000 of other income.