I am currently working on the 1099-R portion of TT Premier.
I no longer make contributions to my Traditional IRA and haven't for awhile. I rolled over some funds from the Traditional IRA into a Roth IRA.
TT wants to know the end of year value of my Traditional IRA and states this can be found on Form 5498. I won't get a Form 5498 for the Traditional IRA because I no longer make contributions (so says the bank).
Should TT instructions asking for the IRA value on December 31, 2023 read "This information is sent by mail on Form 5498. Do not include Roth IRAs. You may also find the December 31, 2023 account value on the IRA account statement as the Closing Value?"
The only 5498 I will receive is for the Roth account. For me TT is confusing at this point and needs clarification about the value of the Traditional IRA. I think last year I may have made a mistake. Same part and same confusion for me.
Thank you.
