I'm sorry @DanaB27 , are you able to provide some clarity on something? This is just for my understanding, as through this whole process I am learning so much.
On "IRA Information Worksheet" Line 2: year-end value on 12/31/2020 my wife's value is $2500. Why is this the case? She has $0 at year end statement, and nothing was contributed in 2021 for 2020. The only $2500 I could think of would be her $2500 recharacterization for 2020, but you stated that this doesn't count for VALUE at end of year.
Are you able to provide any clarity to this? Thank you!
