Line 4 of the Taxable IRA Distribution Worksheet says:
"Enter the value of all your traditional IRAs as of 12/ 31/2019 (including any outstanding rollovers from traditional IRAs to other traditional IRAs).
Line 4 of the form 8606 says:
"Enter those contributions included on line 1 that were made from January 1, 2020, through April 15, 2020"
I agree that Line 4 on form 8606 should be 4800.
My past few questions have been for the IRA Distribution Worksheet.
Would line 4 of the Taxable IRA Distribution Worksheet be 1200 or 6000?
In the step-by-step section that you pointed out in your first reply it asks to
"Enter the total value of all of TIRA, SEP, and Simple IRA on December 31, 2019
Enter any outstanding 2019 rollovers and recharacterizations that were not completed until 2020.
Value of Traditional, SEP and SIMPLE IRAs on December 31, 2019 _________________
Outstanding Rollovers ______________
Outstanding Recharacterizations _____________
Currently I only have 1200 on the recharacterization line. If I put 6000 on the Value line it adds 1200 to 6000. 7200 doesn't seem right.
