In 2013 I took a qualified distribution from my "Traditional IRA". I had made Nondeductible contributions to the "Traditional IRA" in previous years and filed a Form 8606 so i have Basis. I also have a "Rollover IRA" that represents funds from a previous employer's 401k plan. The "Rollover IRA" has No Basis. I also have a "401k Plan" (although I am retired and no contributions are currently being made)". The "401k Plan" has No Basis.
For Form 8606 purposes of determining the fair market value of all of my "Traditional IRAs" at 12/31/13 do I include the "Traditional IRA" plus the "Rollover IRA" plus the "401K Plan"?
I note that instructions for Form 8606 state "for purposes of Form 8606 a traditional IRA is an individual retirement account or an individual retirement annuity other than a SEP, Simple, or Roth IRA." Also "A qualified employer plan (retirement plan) ... is a Deemed IRA." Not sure exactly what that means but it sounds like the 401k Plan is considered a Traditional IRA for Form 8606 purposes??
