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smornc
New Member

One question is the value of SEP, SIMPLE and traditional IRAs. I have an IRA annuity. It is treated differently for RMDs. Is it included with these other IRAs ?

 
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dmertz
Level 15

One question is the value of SEP, SIMPLE and traditional IRAs. I have an IRA annuity. It is treated differently for RMDs. Is it included with these other IRAs ?

Addressed in the comments.

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3 Replies
dmertz
Level 15

One question is the value of SEP, SIMPLE and traditional IRAs. I have an IRA annuity. It is treated differently for RMDs. Is it included with these other IRAs ?

Do you have basis in nondeductible traditional IRA contributions and need to file Form 8606 Part I to calculate the taxable amount of IRA distributions?  If not, it doesn't matter what amount you enter as your year-end value in traditional IRAs.
smornc
New Member

One question is the value of SEP, SIMPLE and traditional IRAs. I have an IRA annuity. It is treated differently for RMDs. Is it included with these other IRAs ?

Thanks it helped a lot.
dmertz
Level 15

One question is the value of SEP, SIMPLE and traditional IRAs. I have an IRA annuity. It is treated differently for RMDs. Is it included with these other IRAs ?

Addressed in the comments.

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