I had a traditional IRA that was mostly non-deductible that was converted to a Roth IRA in 2021. I had been tracking the non-deductible information on this IRA on form 8606.
In 2021, I rolled over a portion of employer sponsored retirement plan into Traditional IRA. Then, a portion of this traditional IRA was used to purchase an annuity. I received a 1099R from my employee sponsored retirement plan showing it as a qualified transfer to an IRA. I also received a 5498 for the annuity as well as one for the traditional IRA.
Box 6 on Form 8606 wants values of Traditional IRAs, Simple IRAs, etc. My question is, do I need to include the value of the Annuity in this number or just the value of the IRA that is remaining from the purchase of the annuity.
