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Retirement tax questions
Yes, you must add the year-end values of all of your traditional IRAs together. (Traditional IRAs include SEP, SIMPLE and rollover IRAs.) If you don't yet have the Form 5498 for the year of the tax return, you must obtain the year-end values from your year-end account statements. In this case you would add the $197k from the 2019 Form 5498 and the $16k from the year-end statement and enter $213k.
‎February 9, 2020
6:32 AM