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January 26, 2023
Question

When adding up the value of my IRA's do I need to include inherited IRA's as well?

  • January 26, 2023
  • 2 replies
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2 replies

DaveF1006
January 26, 2023

It depends.  To clarify, are you trying to determine what amount to record on your 8606?

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Employee
January 26, 2023

You are not to include the value of inherited/beneficiary IRAs.  When preparing your income tax return, under no circumstance are you ever to combine the value of inherited/beneficiary IRAs with your own.