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Level 2
April 2, 2024
Question

Form 8606 - Line 6

  • April 2, 2024
  • 1 reply
  • 14 views
We're married and file a married joint tax return. Last year, my husband rollover $5K from his Traditional IRA to his Roth IRA account at Navy Federal. We received 1099 R from Navy Federal.  I have a rollover Traditional IRA at Vanguard from previous company. Line 6 of form 8606 - "Enter the value of  all your traditional, SEP and SIMPLE IRA". Do I enter the value of my husband's traditional IRA account at Navy Federal only or do I need to add the value of my traditional IRA account at Vanguard also even though we only rollover at Navy Federal account? Thanks.

    1 reply

    Level 15
    April 2, 2024

    You will enter the value of all of his traditional, SEP and SIMPLE IRAs, you do not include your account.

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    YM23Author
    Level 2
    April 3, 2024

    Thank you for your help.