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Level 2
posted Mar 3, 2021 11:08:03 AM

For form 8606, entering total value of all traditional IRAs, do I include beneficiary IRA value?

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1 Replies
Level 15
Mar 3, 2021 12:44:40 PM

No.  A beneficiary IRA is entirely separate from your own IRAs.

 

Be aware if your tax return includes Form 8606, you'll need to wait until March 5 to file.  There's a problem with the way TurboTax is handling this form that is supposedly going to be corrected by March 5.