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In answering "Tell Us the Value of Your Traditional IRA" should I include only info about the non-deductible traditional IRA?

Turbotax updates non-deductible IRA by adjustment for distributions from fully deferred traditional IRA.
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2 Replies
ThomasM125
Expert Alumni

In answering "Tell Us the Value of Your Traditional IRA" should I include only info about the non-deductible traditional IRA?

You should enter the fair market value of all of your traditional IRA accounts, including those holding non-deductible contributions. You can find that amount in box 5 of your Form 5498 for your traditional IRA accounts. 

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In answering "Tell Us the Value of Your Traditional IRA" should I include only info about the non-deductible traditional IRA?

Thank you for your confirmation.  I wish Turbotax would make it more clear in wording the question so that it aligns more precisely with form 8606, line 6.

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