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Retirement tax questions
Rollover IRAs are traditional IRAs and must be included in the total value of your traditional IRAs reported on line 6 of Form 8606. SEP and SIMPLE IRAs are also types of traditional IRAs.
Traditional IRAs themselves are not deductible or nondeductible. Basis in nondeductible traditional IRAs belongs to you, not to any particular one of your traditional IRAs.
‎February 29, 2024
6:08 AM