- Yes, "Total Basis as of December 31, 2020" would be $1,624 (Line 14 on your 2020 Form 8606).
- Yes, your total value to the traditional IRA for the "Tell Us the Value of all your traditional IRA accounts" screen is your value on December 31, 2021 (from your year-end statement) plus the contribution for 2021 made in 2022. Please ignore 2nd part it doesn't apply to you.
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