Hello,
If I contributed the below non deductible amounts to Tradition IRA, the total contributions come to $41,500. Should my basis while submitting the 2023 taxes be 41,500? (as additional information, I moved each contribution to Roth in the respective year)
2017 - 5,500 (did not report 8606)
2018 - 5,500 (did not report 8606)
2019 - 6,000 (did not report 8606)
2020 - 6,000 (reported 8606 but instead of setting basis to 23,000, I set it to 6,000)
2021 - 6,000(reported 8606 but again set the basis to 6,000 wiping all previous non-deductible contributions)
2022 - 6,000 (same as 2021)
2023 - 6,500 Finally, chance to correct the basis. Should this be 41,500?
