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Level 3
December 7, 2019
Solved

Should Line 6 of Form 8606, (FMV or ALL IRA's) include Rollover IRA's? I know traditions, SEP and SIMPLE are included. The rollover value is $500k+ so it's relevant.

  • December 7, 2019
  • 1 reply
  • 16 views

The instructions & Pub don't specify if the value of a rollover IRA account should be included in line 6, although it says "all" traditional IRA's.

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Best answer by rbynaker

All IRAs really does mean all IRAs.  Except Inherited IRAs still titled in the name of the deceased with the taxpayer listed as beneficiary.

1 reply

rbynaker
rbynakerAnswer
Level 13
December 7, 2019

All IRAs really does mean all IRAs.  Except Inherited IRAs still titled in the name of the deceased with the taxpayer listed as beneficiary.