@DanaB27
This makes sense. I understand if we ever clear the account the $5712 comes into play, but how would it come into play in 2022 if we ever converted $6k from traditional to Roth (which we will avoid doing again with $ in the account). But just curious.
Does this $5712 need to be reported on any tax returns for 2021 or 2022 if we do not do this again in 2022?
Also, you calculated the $5712 for us as an example. Would we need to make this actual calculation ourselves for year 2021, or will TurboTax give us this remaining basis for us, and if so which line is it?
thank you,
