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FMV of ALL IRA's form 8606
I received a letter stating I need to take an RMD this coming year. I did not remember this IRA. Does the FMV for this IRA need to by included on Line 6 for 2024? (Line 6 says ALL IRAs) I have only been reporting the FMV on form 8606 from the IRA that I am receiving distributions. Have I been doing this wrong? Is so do I have to go back 10 years (or longer and amend? I did not make any contributions in 2024
‎February 18, 2025
9:04 AM