I inherited a traditional IRA from my deceased husband in 2015. I have not made any withdrawal. Do I have to include the market value in 2016 tax return?

Forum|Forum|7 years ago
June 4, 2019
5 replies
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TurboTax Deluxe Online

Best answer by

No, you would not enter the market value in your 2016 tax return since you have not made any withdrawals.

https://ttlc.intuit.com/replies/4790205

dmertz

Level 15

Did you choose to treat the IRA as your own or did you choose to maintain the IRA as in inherited IRA, titled in the name of your deceased husband for your benefit as beneficiary?

jspmel2017Author

Level 2

Its a rollover IRA and the form I received is 5498

jspmel2017Author

Level 2

Thank you. The IRA is my name and husband as beneficiary.

Anonymous

Answer

No, you would not enter the market value in your 2016 tax return since you have not made any withdrawals.

https://ttlc.intuit.com/replies/4790205

dmertz

Level 15

If I infer from your description of this as a "rollover IRA" that you rolled it over to an IRA in your own name and not maintained as an inherited IRA in your husband's name for your benefit as beneficiary, this IRA is treated as if it has always been your own IRA. If your IRAs include nondeductible traditional IRA contributions and you make a distribution from any of your traditional IRAs, the year end balance in this account must be included in the total balance of the IRAs that you own.