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New Member
posted Jan 26, 2023 12:10:27 PM

When adding up the value of my IRA's do I need to include inherited IRA's as well?

0 2 680
2 Replies
Expert Alumni
Jan 26, 2023 12:22:50 PM

It depends.  To clarify, are you trying to determine what amount to record on your 8606?

Level 15
Jan 26, 2023 3:03:45 PM

You are not to include the value of inherited/beneficiary IRAs.  When preparing your income tax return, under no circumstance are you ever to combine the value of inherited/beneficiary IRAs with your own.