AnnetteB6
Employee Tax Expert

Get your taxes done using TurboTax

The December 31, 2021 value for a Traditional IRA will only be required if it has been indicated that there were non-deductible contributions made to the account at some time.  If that is the case, then the year-end value is needed to determine the taxable amount of the distribution.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"