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Level 2
posted Apr 1, 2024 9:57:21 PM

Form 8606 - Line 6

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.

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2 Replies
Expert Alumni
Apr 2, 2024 3:52:29 AM

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

Level 2
Apr 2, 2024 5:39:47 PM

Thank you for your help.