1) Thank you. I will save those instructions for next year also since this is not the first time this has tripped me up! I think this following instruction is not intuitive, since I only did ONE thing (not a combination), that is, converted to a Roth IRA and it doesn't say anything about Roth IRA until drilling deeper: “I did a combination of rolling over, converting, or cashing out money.” But I imagine it is worded the way it is to accommodate many scenarios.
2) The answer does raise another question. Although the above answer helps me keep all of my Roth IRA contribution/conversion information correct, regarding Traditional IRAs I don't see any basis and value on the IRA Information Worksheet.
Should there be a total there?
If so is it important to track?
All of our Traditional IRA contributions in the past have been deductible. We haven't made any Traditional IRA contributions for many years.
Regarding step12. Answer the questions about the basis from line 14 of your 2023 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs
would step 11. negate the need to enter a value for Traditional IRAs if all have been deductible? Step 11. Answer "yes" to "Any nondeductible Contribution to your IRA?" if you had any nondeductible contributions in prior years.
