@DanaB27
A few questions regarding 2021 return and I think i might be good to go:
1. on 2021 return it asks "Any Nondeductible Contributions to IRA?" I choose "Yes I tracked nondeductible contributions" and this next amount would be "Total Basis as of December 31, 2020" would be $1624 (Line 14 on form 8606 2020)?
2. "Tell Us the Value of all your traditional IRA accounts"
- I had $500 at the end of year in the account (converted in 2022)
- I contributed $1920 in January of 2022 for prior year 2021
However the next line down it asks "Include any IRA distributions I made in 2020. The amount you enter must be at least the amount of your distributions". What number or what exactly is this question asking? Is this anything other than conversions?
Thank you!
