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Do I include a taxable traditional IRA, that was rolled over from a company retirement, on the IRA information worksheet, line 18 for the combined value of all IRAs?

jjbook0242
Level 1
 
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Ernie
Level 9

Is it taxable?  Was it rolled over?  Where on the IRA information worksheet are you looking to put that information?

Are you creating basis?

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3 Comments 3
Ernie
Level 9

Is it taxable?  Was it rolled over?  Where on the IRA information worksheet are you looking to put that information?

Are you creating basis?

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sjrcpa
Level 15
If you are using Form 8606 to calculate the taxable part of an IRA distribution when there is IRA basis, Yes.
The more I know, the more I don't know.
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qbteachmt
Level 15

It's not an additional amount, though. Just get the year end statements for the accounts. Either that amount is already in there, or it wasn't in there at year end.

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