I'm not sure anybody is understanding my frustration. If I don't report the market value which I've never had to do apparently until I guess now since I'm taking a distribution I would get a whopping $2,400 back in taxes. If I report the fair market value of all the IRA's which isn't even a hundred and fifty thousand my tax return decreases to $1,500. My retirement and my husband's income is well under a hundred thousand. I only took 15000 in distribution and that includes taxes.
The way I'm seeing this is somehow I'm being levied an additional tax on everything that's in my IRA's plus I'm being taxed on the distribution less the basis.
