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June 5, 2019
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One question is the value of SEP, SIMPLE and traditional IRAs. I have an IRA annuity. It is treated differently for RMDs. Is it included with these other IRAs ?

  • June 5, 2019
  • 3 replies
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Best answer by dmertz

Addressed in the comments.

3 replies

Employee
June 5, 2019
Do you have basis in nondeductible traditional IRA contributions and need to file Form 8606 Part I to calculate the taxable amount of IRA distributions?  If not, it doesn't matter what amount you enter as your year-end value in traditional IRAs.
smorncAuthor
June 5, 2019
Thanks it helped a lot.
dmertzAnswer
Employee
June 5, 2019

Addressed in the comments.