Do I need to put the fair market value for an Inherited IRA I received anywhere? Form 5498 says, "It is an IRS requirement to report BDAs as IRAs... as applicable."

OCBaseballNut · ‎February 18, 2023

For context, I'm wondering whether that amount needs to be entered in the "Tell Us the Value of All Your Traditional IRA Accounts" section. Is this 2012 Inherited IRA (BDA) considered a "Traditional IRA" for this entry?

fanfare · ‎February 18, 2023

the sum value of all your IRAs does not include Inherited IRAs.

inherited IRAs have to be treated separately.

@OCBaseballNut

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fanfare · ‎February 18, 2023

the sum value of all your IRAs does not include Inherited IRAs.

inherited IRAs have to be treated separately.

@OCBaseballNut

OCBaseballNut · ‎February 18, 2023

Perfect! Thank you for the quick response!

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Do I need to put the fair market value for an Inherited IRA I received anywhere? Form 5498 says, "It is an IRS requirement to report BDAs as IRAs... as applicable."

Do I need to put the fair market value for an Inherited IRA I received anywhere? Form 5498 says, "It is an IRS requirement to report BDAs as IRAs... as applicable."

Do I need to put the fair market value for an Inherited IRA I received anywhere? Form 5498 says, "It is an IRS requirement to report BDAs as IRAs... as applicable."

Do I need to put the fair market value for an Inherited IRA I received anywhere? Form 5498 says, "It is an IRS requirement to report BDAs as IRAs... as applicable."

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Do I need to put the fair market value for an Inherited IRA I received anywhere? Form 5498 says, "It is an IRS requirement to report BDAs as IRAs... as applicable."

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Do I need to put the fair market value for an Inherited IRA I received anywhere? Form 5498 says, "It is an IRS requirement to report BDAs as IRAs... as applicable."

Do I need to put the fair market value for an Inherited IRA I received anywhere? Form 5498 says, "It is an IRS requirement to report BDAs as IRAs... as applicable."

Do I need to put the fair market value for an Inherited IRA I received anywhere? Form 5498 says, "It is an IRS requirement to report BDAs as IRAs... as applicable."

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