DianeW777
Expert Alumni

Get your taxes done using TurboTax

The amount you convert from the traditional IRA and any additional funds you might contribute to your Roth IRA in addition to any conversions.  This will be your ongoing and accumulated cost basis in the Roth IRA.

 

Unfortunately, I am unable to speak to the differences you see on Forms 5498, it could be fees or interest earned even if short periods.  Check with your financial agent to understand the difference.

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