Form 8606 - Value to use for Line 6 Total IRAs

I started receiving fixed income payments from my IRA annuity in 2020.  I am 67 years old.  I also withdrew funds from my Traditional IRA.  Since my Traditional IRA includes nondeductible contributions that were made for a few years in the early 2000s I am filling out form 8606 to determine the taxable and nontaxable portions of my 2020 IRA income.  I was able to enter all the needed information from my old 8606 form that represented the sum total of my nondeductible contributions - no problem since I submitted the required forms at the time.  My dilemma is what value to include on line 6 of form 8606 (or in response to the same question asked by the TurboTax program that fills out the form for me)--that is: Enter the value of all your traditional, SEP, and SIMPLE IRAs in 2020. Seems like a simple question.  I know what to plug in for my Traditional IRA.  But what value should I add in for my annuitized IRA annuity?  The amount I paid for it?  Or the value from form 5498 that the insurance company is sending to the IRS that is much larger than what I paid for it?  The annuity is a guaranteed lifetime income for 2 that I bought in 2014.  Payment were deferred to 2020.  My payments are fixed for life.  The value on form 5498 does not represent income I will ever receive. Or do I need to add the IRA annuity balance at all?

 

Any thoughts would be appreciated.