Are IRA contributions before 4/15/26 for tax year 2025 supposed to be included in the value as of 12/31/25?

[db2448]

I think this is a simple question, but I can't find anything on point.  The IRS allows non-deductible contributions to a traditional IRA before the 4/15/26 tax deadline and permits it to be attributable to the prior year (2025 in this case).  When TT asks the "value" of your IRAs on 12/31/25, should you include the contribution made in 2026 for tax year 2025?  This is for purposes of Form 8606 (line 6) I believe.  I made a non-deductible  contribution to a traditional IRA in 2025 for tax year 2024.  I then converted all of it to a Roth IRA in 2025.  So my balance in my traditional IRA really is zero as of 12/31/25.  However, I have made another contribution to my traditional IRA in March 2026 for tax year 2025. I wasn't sure if I was supposed to "pretend" the new contribution made in 3/2026 for tax year 2025 was there as of 12/31/25 since it is for tax year 2025. If I do, instead of a value of zero as of 12/31/25, which is actually accurate, that would give me a value of $8000 as of 12/31/25.  Please help!  

[dmertz · Accepted solution]

"Are IRA contributions before 4/15/26 for tax year 2025 supposed to be included in the value as of 12/31/25?"

No.

When I doubt, refer to the IRS instructions for a particular form.  The instructions for line 6 of Form 8606 say only  to add the amount of any outstanding rollovers.  (TurboTax asks if you had any outstanding rollovers, so when TurboTax asks for the 12/31 value, enter the amount actually present on 12/31.)

[db2448]

Thanks so much!  Really appreciate you taking the time to respond!  Very helpful.  Looked for hours for the answer before reaching out to the community.