topic 8606: I have IRAs & 401k. Received RMDs from both in 2018. Then rolled over 401K to IRA. If line 7 is only IRA RMD $ does 401K rollover amount need to be added to line 6? in Retirement tax questions

8606: I have IRAs & 401k. Received RMDs from both in 2018. Then rolled over 401K to IRA. If line 7 is only IRA RMD $ does 401K rollover amount need to be added to line 6?

tjmn_tax — Tue, 04 Jun 2019 00:28:57 GMT

Adding the 401k Rollover to IRA dollars to line 6 significantly reduces the line 14 amount to use up my basis. Besides, those dollars were already included in the RMD from the 401k before the rollover.

Yes, it must be included. The 401(k) RMD taken before t...

macuser_22 — Tue, 04 Jun 2019 00:28:59 GMT

Yes, it must be included. The 401(k) RMD taken before the rollover is accounted for because that money was not in the 401(k) amount that was rolled over so there was less money to rollover.

The line 6 amount is the 2018 December 31, total value of all Traditional, SEP and SIMPLE IRA accounts that existed on that date.

topic 8606: I have IRAs &amp; 401k. Received RMDs from both in 2018. Then rolled over 401K to IRA. If line 7 is only IRA RMD $ does 401K rollover amount need to be added to line 6? in Retirement tax questions

8606: I have IRAs & 401k. Received RMDs from both in 2018. Then rolled over 401K to IRA. If line 7 is only IRA RMD $ does 401K rollover amount need to be added to line 6?

Yes, it must be included. The 401(k) RMD taken before t...

topic 8606: I have IRAs & 401k. Received RMDs from both in 2018. Then rolled over 401K to IRA. If line 7 is only IRA RMD $ does 401K rollover amount need to be added to line 6? in Retirement tax questions