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March 19, 2025
Question

Value of Traditional IRA

  • March 19, 2025
  • 1 reply
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I have a traditional IRA for which I had non-deductible contributions.  I also have a rollover IRA annuity funded from my 401K (all pre-tax).  When reporting the "Value of my traditional IRA" do I combine the 2 or only report the value of the one with non-deductible contributions?  I do not receive a Form 5498 for the rollover IRA.

    1 reply

    March 19, 2025

    Yes, you will need to include the value from all of your traditional/SEP/SIMPLE IRAs. Therefore, you need to add the value of the rollover IRA and traditional IRA. You can find the value at the end of the year statement.

     

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