Yes, your Form 8606 is correct.
About your wife, you stated in the rollover from your wife's 401k to a traditional IRA that she had a basis of $500 in this 401(k)? If yes, then this $500 basis has to be added to the line 2 basis on your wife's Form 8606. Therefore, her line 2 basis would be $2,941 (= $500 + $2,441).
"You rolled over any nontaxable portion of your qualified retirement plan to a traditional, SEP, or SIMPLE IRA that wasn’t previously reported on Form 8606, line 2. Include the nontaxable portion on line 2." (Form 8606 instructions)
@dhuynh44
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