AnnetteB6
Expert Alumni

Retirement tax questions

The total value of your IRAs is needed because you took a distribution from your account and the Form 1099-R probably indicates that the 'taxable amount cannot be determined' or you indicated that there had been non-deductible contributions to the IRA in the past.

 

If any of your IRA accounts have a mixture of pre-tax and after-tax money (or deductible and non-deductible contributions), then every distribution from any of your IRAs is deemed to be a mixture of pre-tax and after-tax money.  Therefore, the total value is needed to determine what portion of the distribution is taxable.  

 

If your wife did not take a distribution in 2022, then there is no need for her total IRA account balance because there is no calculation to be made.  

 

@Russ_S 

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