@tianwaifeixian wrote:
And had $0 balance in any Traditional IRA at year-end.
It appears that every year, the basis (line 2) of my 8606 remains the same - it is always $ 5,575. Is that correct?
If you no longer have Traditional IRA balances (other than a brief contribution with the immediate conversion to Roth), you don't have any Basis and that number should show $0.
