Probably. My guess is that you are filling out the Form 8606 with your tax return which tracks your basis in various retirement accounts. For purposes of Form 8606, a traditional IRA is an individual retirement account or an individual retirement annuity other than a traditional SIMPLE, Roth, Roth SEP, or Roth SIMPLE IRA.
The IRS is aware of your money and its location, the Form 8606 is for you to keep up with your basis and potentially lower tax liability. Investment companies send the IRS your balance on December 31 each year.
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