I converted $104,000 from my traditional IRA into a Roth IRA in 2020. After I entered the information from my 1099-R in this regard, Turbo Tax asked me to provide the total value of my traditional IRA's as of December 31, 2020, and states that this information is sent by mail on form 5498.
However, Form 5498 does not provide the value of my traditional IRA's, because Form 5498 only captures contribution information, and I did not make any contributions into my traditional IRA's in 2020. The total value of my traditional IRA's would be challenging to gather as I have traditional IRA's at various financial institutions, and multiple traditional IRA's as certain institutions, and I do not get end of year statements from some of them. Why does Turbo Tax ask me the total value of my traditional IRA's as of December 31, 2020?
