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Value of IRA fund at end of year? Why is this question being asked by TT
TT Online is asking me a question on my trad. IRA that I don't previously remember being asked. The cost basis has been inputed but the next question is to determine "value" of my IRA account at end of 2024. It also refers to form 5498, which details a Fair Market Value at end of year, but which I generally don't receive until May and which I am pretty certain has a note that details it's not a required form for a tax return. It's easy enough for me to answer the question but I don't understand why it's being asked? Any advice?
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‎December 29, 2024
6:14 AM