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Level 1
posted Mar 19, 2025 1:44:13 PM

Value of Traditional IRA

I have a traditional IRA for which I had non-deductible contributions.  I also have a rollover IRA annuity funded from my 401K (all pre-tax).  When reporting the "Value of my traditional IRA" do I combine the 2 or only report the value of the one with non-deductible contributions?  I do not receive a Form 5498 for the rollover IRA.

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1 Replies
Expert Alumni
Mar 19, 2025 1:54:14 PM

Yes, you will need to include the value from all of your traditional/SEP/SIMPLE IRAs. Therefore, you need to add the value of the rollover IRA and traditional IRA. You can find the value at the end of the year statement.