When adding up the value of my IRA's do I need to include inherited IRA's as well?
02659
2 Replies
DaveF1006
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?
dmertz
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.