Line 3 says you had a total basis of $11,499, but line 8 says the only distribution was $5,502.
Then line 6 says that the December 31, total value of ALL existing Traditional IRA, SEP or SIMPLE accounts you had was $1.
What happened to the other $5,998 that was in the IRA?
(11,499 - 5502 + 1) = 5,998
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
